YUEXIU PROPERTY(HK:00123) 智通财经网·2025-09-16 11:58Core Viewpoint - The company successfully acquired a residential land parcel in Hangzhou for RMB 1.33 billion, enhancing its land reserves and strategic position in the region [1][2]. Group 1: Acquisition Details - The company, through its subsidiary Hangzhou Yuelong, won the bid for the Kangqiao land parcel in Gongshu District, Hangzhou, on September 16, 2025, for RMB 1.33 billion [1]. - The land covers approximately 34,165 square meters with a total buildable area of about 98,001 square meters, of which the planned residential area is around 64,914 square meters [1]. Group 2: Land Use and Development - The Kangqiao land is designated for residential use, with the intention to sell the developed properties [1]. - The development plan includes mandatory community facilities such as a childcare center (minimum 400 square meters), a children's growth center (minimum 400 square meters), and a community canteen (minimum 350 square meters), which will be handed over to government authorities upon completion [1]. Group 3: Strategic Implications - The board believes that acquiring the Kangqiao land at a reasonable cost will enhance the company's quality land reserves and further solidify its strategic position in Hangzhou [2]. - The location is strategically positioned near key infrastructure, including metro lines and educational institutions, which supports the potential for residential development [2].