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China Merchants Property, Wharf buy land in Tianjin
Published on: 2009-09-25
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Sep. 25, 2009 (China Knowledge) - China Merchants Property Development Co Ltd and Hong Kong-based Wharf Holdings have jointly won the bid for a piece of mixed-use land in Hedong District, Tianjin, for RMB 641 million or RMB 5,325 per square meter of potential floor area, sources reported.

The parcel, which covers a land area of 47,525 sq m and has a potential floor area of 120,190 sq m, will have a floor area ratio of 2.53.

Early this month, China Merchants Property Development and Shenzhen Overseas Chinese Town Holding acquired a piece of residential land in Baoan District, Shenzhen, Guangdong Province, for RMB 530 million or RMB 18,900 per sq m of potential floor area, according to an earlier report from China Knowledge.

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