Yuexiu Property Co. Ltd. announced that its subsidiary, Guangzhou Xinyue Property Development Co., Ltd., has acquired a land parcel located in Dashi Subdistrict, Panyu District, Guangzhou. The site, with an area of approximately 29,777 sq.m. and a total gross floor area of about 114,771 sq.m., was purchased by open tender for RMB1,194,000,000. The acquisition is expected to strengthen Yuexiu Property's land bank and strategic presence in Guangzhou.
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