Agile Property wins land bid in Hainan’s Chengmai for RMB100m
Agile Property Holdings Ltd<3383>, a Hong Kong-listed developer of large-scale residential projects, announced on Dec. 24 that it has won the bid for a piece of land in Hainan Province for RMB 100 million or RMB 420 per square meter of potential floor area.
The developer said in a statement that the land, located in Chengmai County, covers a land area of 99,118 sq m.
The company plans to develop mixed-use properties on the site, which will have a total of 247,795 sq m in potential floor area.
Agile Property's contracted sales surged 64% year on year to RMB 25.4 billion in the first eleven months of this year. The company sold 2.27 million sq m of properties during the period, 16% more than in the same period of last year.
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