China’s Greenland Group acquires site in Sanya for RMB2.275 billion
Greenland Group, a Shanghai-based property developer, on February 12 won the bid for a piece of land near Jiyang Town, Sanya, for 2.272 billion yuan.
The Sanya Hongsha Palm Beach project is 142,100 square meters in size and will include residences and commercial units.
The estimated cost of the land is 16,250 yuan per square meter of potential floor area, which is quite the same to the 26-acre site developed by China Railway Real Estate in Yingbin Road last December.
According to Sanya Land and Environment Resources Bureau, three domestic large-scale enterprises have participated in the bidding process and Greenland finally won the bid.
The Sanya Hongsha Palm Beach project is 142,100 square meters in size and will include residences and commercial units.
The estimated cost of the land is 16,250 yuan per square meter of potential floor area, which is quite the same to the 26-acre site developed by China Railway Real Estate in Yingbin Road last December.
According to Sanya Land and Environment Resources Bureau, three domestic large-scale enterprises have participated in the bidding process and Greenland finally won the bid.
Click to read Chinese version
SOURCE: WOS Team
Editorial Message
News translation appearing here is the property of www.whatsonsanya.com, however, for those who wish to copy the contents in part or in full, please make reference and link the article copied to our site. Whatsonsanya.com does not necessarily endorse their views or the accuracy of their content. For copyright infringement issues please contact editor@whatsonsanya.com