China Business News: Gemdale acquires land in Ningbo for RMB 774 mln

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Gemdale acquires land in Ningbo for RMB 774 mln

Aug. 5, 2009 (China Knowledge) - Gemdale Corp<600383>, a leading real estate real estate developer in China, on Aug. 4 announced that it purchased a piece of residential land for RMB 774 million in Ningbo, Zhejiang Province, sources reported. The parcel, which is located in the Ningbo National Hi-Tech Industrial Development Zone, covers a land area of 47,380 square meters and has a potentia

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