Feb. 2, 2012 (China Knowledge) - China Aoyuan Property Group Ltd<3883
>, a Guangdong-based
residential real estate developer, has acquired a piece of land in Jiulongpo District, Chongqing
at a consideration of RMB 218 million.
The mixed-use plot, which cost RMB 2,400 per square meter of potential floor area, covers an area of 18,500 sq m. On the site, around 91,000 sq m of residential and commercial properties would be built near the firm's another project, named Aoyuan Healthy City.
In 2011, the Hong Kong-listed
property developer reaped RMB 5.02 billion in contracted sales, increasing 4.5% from a year earlier or accounting for 91% of its annual target of RMB 5.5 billion. Contracted sales area for last year grew nearly 25% from a year earlier to 550,100 sq m.
Average price stood at RMB 9,100 per sq m in 2011, 17% less than RMB 10,900 per sq m in 2010. China Aoyuan Property said more commercial properties will be launched in the future.
According to the company's website, the property developer's projects are principally located in Shenyang
, the Guangxi
Zhuang Autonomous Region and Jiangxi