Core Viewpoint - The company, Yuexiu Property (00123.HK), successfully acquired land in Shanghai's Jing'an District for RMB 7.737 billion through a consortium, indicating a strategic investment in a prime urban area [1][2]. Group 1: Acquisition Details - The consortium, in which the company holds a 95% stake through its subsidiary Shanghai Yueheng, won the bid for the Jing'an District land, which includes two underground space plots [2]. - The total area of the acquired land is approximately 26,108 square meters, with a total buildable area of about 153,943 square meters, including residential, commercial, and cultural facilities [2][3]. Group 2: Development Plans - The project company will develop residential properties for sale, while commercial and cultural facilities will be transferred to the government after approval [3]. - The land is strategically located within the inner ring of Jing'an District, benefiting from proximity to the Suzhou River and a well-developed transportation network, including access to multiple metro lines [3]. Group 3: Surrounding Amenities - The area boasts comprehensive amenities, including educational institutions, healthcare facilities, and commercial hubs, enhancing the attractiveness of the investment [3]. - Notable nearby landmarks include Nanjing Road pedestrian street and People's Square, with significant educational and medical resources within a 2-kilometer radius [3].