Shang Hai Zheng Quan Bao·2025-10-08 19:45Core Points - Hefei Urban Construction Development Co., Ltd. has successfully acquired land use rights for two plots in Shushan District, Hefei, to increase land reserves [1][2] - The company held a board meeting on September 25, 2025, where it unanimously approved participation in the bidding for the land parcels [1] - The total expenditure for the land use rights amounts to RMB 42,372.92 million, funded through the company's own resources [1][2] Summary by Sections Plot SS202505 - Located in Shushan District, the area is 37.5209 acres with a total land use rights transfer amount of RMB 32,293.48 million [1] - The plot includes 19.839 acres designated for commercial financial use with a 40-year lease and a floor area ratio (FAR) of ≤4.0, costing RMB 7,538.82 million [1] - The residential portion covers 17.6819 acres with a 70-year lease and a FAR of ≤2.0, costing RMB 24,754.66 million [1] Plot SS202506 - This plot is located in Shushan District, covering an area of 7.0982 acres with a total land use rights transfer amount of RMB 10,079.44 million [2] - It is designated for residential use with a 70-year lease and a FAR of ≤2.2 [2]