YUEXIU PROPERTY(HK:00123) Zhi Tong Cai Jing·2025-10-28 12:43Core Viewpoint - The company successfully acquired a residential land parcel in Panyu District, Guangzhou, for RMB 1.194 billion, enhancing its land reserves and strategic position in the region [1][2]. Group 1: Acquisition Details - The company, through its subsidiary Guangzhou Xinyue Real Estate Development Co., Ltd., won the bid for the land parcel located in Panyu District on October 28, 2025 [1]. - The land parcel covers an area of approximately 29,777 square meters, with a total construction area of about 114,771 square meters, including a planned residential area of approximately 77,419 square meters [1]. - The acquisition cost for the land was RMB 1.194 billion [1]. Group 2: Land Use and Development - The land is designated for residential use, with plans to sell the residential properties developed on it [1]. - The development must include road construction of at least 6,459.6 square meters and green space of at least 2,591.81 square meters, which will be handed over to the local government upon completion [1]. Group 3: Location and Accessibility - The land is situated in a densely populated area with a vibrant living atmosphere, located near major transportation links [1]. - It is approximately 700 meters from the nearest metro stations, providing quick access to key areas such as Zhujiang New Town and Guangzhou South Station [1]. - The site is about a 30-minute drive from the Guangzhou International Financial Center and a 25-minute drive from Pazhou [1].