China Business News: SOHO China allowed to acquire RMB 1.77-bln in Beijing properties

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SOHO China allowed to acquire RMB 1.77-bln in Beijing properties

May 19, 2009 (China Knowledge) - SOHO China Ltd<0410>, a leading real estate developer in China, on May 17 announced that it has been allowed to buy commercial properties on and around Qianmen Avenue in Beijing for RMB 32,328 per square meter (sq m) or RMB 1.77 billion in total, sources reported. The commercial properties have a combined potential floor area of 54,691 sq m, of which 22,763

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