|
Asia Games Town Neighboring Plot Starts at RMB 16.5b
Guangzhou municipal Bureau of Land Resources and Housing Management has opened the tender for the 2.64 million-square-meter land parcel around the 2010 Guangzhou Asian Games "Asian Games Town" project with a bid floor of RMB 16.5 billion, China Business News reported November 13. The land parcel, which includes a gross floor area of 207,600 square meters for commercial development and 3.85 million square meters for residential development, is China's most expensive to date, the report said. Poly Real Estate Group (600048.SH), Vanke (000002.SZ), Guangzhou R&F Properties (2777.HK) and Agile Property Holdings (3383.HK) have registered interest in the project, the report said.
A report on the Guangzhou Asian Games official website in October said the Asian Games Town project will be 90% complete by the end of 2009.
|
