Core Viewpoint - Lanzhou Tianqian Industrial Investment Co., Ltd. successfully acquired the G2519 land parcel for 477.9 million yuan after 181 rounds of bidding, indicating a strategic move by Poly Group to deepen its presence in Lanzhou [1] Summary by Relevant Sections Land Acquisition Details - The G2519 land parcel is located in Qilihe District, Lanzhou, with a total area of 35,918.5 square meters (approximately 53.878 acres) [2][15] - The starting price for the land was 359.18 million yuan, with the current price reaching 477.9 million yuan, reflecting a significant increase in land value [2] - The land is designated for residential use, with specific requirements for urban infrastructure and community facilities to be developed by the winning bidder [16] Land Use and Development Requirements - The land has a floor area ratio (FAR) between 1 and 2.5, a green space ratio of at least 35%, and a building density of no more than 20% [14][15] - The maximum building height is capped at 80 meters, ensuring a controlled urban development [15] - The winning bidder is required to complete several municipal projects, including road construction and community service facilities, which will enhance the living experience in the area [16] Strategic Implications - Poly Group's acquisition of this land is seen as a pivotal step in redefining residential living standards in Lanzhou, with expectations for innovative community designs and amenities [16] - The investment reflects a broader trend of urban development in Lanzhou, aiming to meet the growing demands of its residents [16]