Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

 Search News  Or
Guangzhou R&F Property wins land bid in Beijing

Jan. 17, 2012 (China Knowledge) - Guangzhou R&F Property Co Ltd<2777>, a real estate developer headquartered in Guangzhou, Guangdong Province, has acquired a piece of land in Daxing District, Beijing during a land auction at a consideration of RMB 698 million, more than RMB 570 million of starting price.

The plot, which cost RMB 3,035 per square meter of potential floor area, covers an area of 138,869 sq m and will have a floor area of not more than 230,747 sq m.

Analysts said several well-known property developers have begun acquiring plots in Beijing despite of the central government's tight monetary policy to ease the country's real estate market.

Sunac China Holdings Ltd<1918> and Franshion Properties (China) Ltd<0817> has jointly spent RMB 3.07 billion to get a plot in Beijing's Chaoyang District.

Guangzhou R&F Property realized RMB 30.04 billion in contracted sales last year, lower than the firm's reduced sales target of RMB 32 billion from RMB 40 billion. Of the total sales in 2011, the city of Guangzhou contributed the most with RMB 930 million in contracted sales.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved