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Golden Wheel Tiandi (01232) said it has succeeded in the public auction to acquire
the land use right of a land parcel in Nanjing City, Jiangsu Province, the PRC
for about Rmb254.8 million.
The land parcel is situated north of Wutai Road, east of Xintang Road in Gaochun
District, Nanjing City, Jiangsu Province and is close to a metro station and
transportation hub. The total site area of the land parcel is about 22,739 square metres
and its plot ratio shall not exceed 1.8. The land parcel is designated for developing
mixed residential and commercial use with a term of 70 years for residential use and 40
years for commercial use. |
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