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China: Evergrande wins Xingyang land plots for Rmb1.8 billion

Hong Kong listed Evergrande Health Industry Group has won the bid for the state-owned construction land use rights of 11 land plots in Xingyang, Zhengzhou City, Henan Province for Rmb1.8 billion (US$283.8 million).

The land plots have a total area of 438,290square meters, and a total above ground construction area of approximately 965,393square meters, with terms of 70 years and 40 years for the land use rights for residence use and commercial use, respectively.

The land plots will be used to construct a health experience centre, five-star healthcare hotel and the headquarters for domestic and overseas large-to-medium scale medical enterprises.

Posted on: 11/09/2017 UTC+08:00


News

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Analysis

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