YUEXIU PROPERTY(HK:00123) 智通财经网·2025-10-20 12:55Core Viewpoint - The company successfully acquired the Shanghai Jing'an District land through a consortium for RMB 7.737 billion, enhancing its land reserves and strategic position in Shanghai [1][3]. Group 1: Acquisition Details - The company, through its subsidiary Shanghai Yueheng, holds a 20% interest in the consortium that won the bid for the land [1]. - The total area of the acquired land is approximately 26,108 square meters, with a total buildable area of about 153,943 square meters [2]. - The land is designated for residential and cultural use, with specific allocations for residential, commercial, and public service facilities [2]. Group 2: Location and Strategic Importance - The land is located within the inner ring of Jing'an District, benefiting from prime riverfront views along the Suzhou River [3]. - The surrounding area is well-equipped with transportation options, including proximity to multiple metro lines and major commercial districts [3]. - The acquisition is expected to strengthen the company's land reserves and reinforce its strategic position in the competitive Shanghai real estate market [3].