A consortium comprising Yanlord Land, Ho Bee Investment and Shanghai Youyou has successfully acquired two adjacent prime residential development sites in Zhuhai through a public land auction for three billion yuan (S$595 million).
With a combined gross floor area (GFA) of 499,329 sq m, the land parcels have an average plot ratio of up to 2.19 times and an average purchase price of 6,000 yuan psm.
Located in the Tang Jia Wan District, the sites are surrounded by a comprehensive range of amenities such as nature parks, golf courses and a university district that houses Beijing Normal University and Zhongsan University.
In addition, they are strategically located near the Gongbei customs checkpoint and the high-speed railway station connecting Zhuhai and Beijing.
The sites were acquired through a joint venture. Yanlord holds 60 percent of equity ownership, while Ho Bee and Shanghai Youyou each own 20 percent.
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