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China Merchants Property Gained Two Plots in Nanjing
From:  Post time:2009-12-22

BEIJING, Dec 21, 2009 (SinoCast Daily Business Beat via COMTEX) -- CMSHF | Quote | Chart | News | PowerRating -- China Merchants Property Development Co., Ltd. (SZSE: 000024) gained a 11,194.66-square meter plot for CNY 205 million in Chengdu City, Sichuan Province, west China lately, according to a data report released by the Chinese real estate developer.

The floor area ratio of the land is no more than 5.8, with land usage term of 40 and a land price of about CNY 3,155 per square meter.

Similarly, its Nanjing-based subsidiary achieved a 66,570.5-square meter plot for CNY 1.39 billion in Nanjing City, Jiangsu Province, east China, which has an aggregated building area of 128,942.25 square meters, including residential-use land area of 74,865.45 square meters and commercial-use land area of 22,532 square meters.

Besides, the Xinjiang-based wholly-owned affiliate under China Baoan Group Co., Ltd. (SZSE: 00009) bought a plot in Xinjiang, northwest China, which has a total land area of 200,000 square meters and a limited period of 50 years.

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