Core Viewpoint - The company, Yuexiu Property (00123), successfully acquired a land parcel in Shanghai's Pudong New Area for RMB 2,560,860,000 through its subsidiary, Shanghai Yueheng, enhancing its land reserves and strategic position in Shanghai [1][2]. Group 1: Acquisition Details - The land parcel in Pudong covers approximately 26,931.62 square meters with a total buildable area of about 108,957.9 square meters, of which the saleable area is approximately 67,329.05 square meters [1]. - The land is designated for residential use, with plans for the constructed properties to be sold [1]. - The site will include public service facilities with a buildable area of about 1,260 square meters, which will be handed over to government-designated departments upon completion [1]. Group 2: Location and Surroundings - The land is located in the Pudong Gao Xing area, near the Jinqiao and Waigaoqiao industrial zones, and is part of the expansion area for the Senlan International Community [2]. - The ecological environment around the site is favorable, with the nearby Senlan Green Space being a large and scarce urban green area [2]. - The site is approximately 700 meters from the Zhouhai Road Station on Metro Line 6, providing convenient access to key areas such as Lujiazui, Jinqiao, and Yangpu [2]. - Educational resources in the vicinity include several schools, such as Shanghai Sixth Normal School's Fangfei Campus and Shanghai Harrow International School [2]. - The area is expected to see the completion and opening of more large commercial complexes, further enhancing the commercial infrastructure [2]. Group 3: Strategic Implications - The board believes that acquiring the land at a reasonable cost will increase the company's quality land reserves and further solidify its strategic position in Shanghai [2].
越秀地產(00123)附屬上海樾恆競得上海市浦東新區地塊