sanxiang co., ltd. acquired at 1.861 billion rmb the land parcel 36-01 in pudong front beach


in the afternoon of december 24, sanxiang co., ltd. acquired at 1.861 billion rmb a land parcel 36-01 in unit z000801 of front beach area, southern extension section of huangpu river, pudong new area, with a premium rate of 113.8% and the floor price of 66,629 rmb/㎡.

this land parcel is the one with the most expensive starting selling price in the front beach listing, with a starting floor price as high as 31170 rmb/square meter. the land parcel goes east to yuqiu road, south to xiaohui road, west to tongwan road, and north to front beach avenue, with a total selling area of 13,965.3 square meters and a floor area ratio of 2.0. it is for ordinary commodity houses.

13 enterprises participated in the site bidding, including gree, kheng leong, wharf, china first capital, china railway, great town, henderson, tagen, sanxiang, lujiazui, china resources, sun hung kai, and merchant. shanghai hainong asset management co., ltd. and shanghai sanxiang xiangteng xianglin investment co., ltd., both subordinated to sanxiang co., ltd., together with kangsheng development co., ltd., eventually acquired the land parcel at 1.861 billion rmb after several rounds of fierce biddings.

on october 22nd, sanxiang co., ltd. took at 965 million rmb a pure house land parcel a3-04, a supporting living base in zhangjiang south district, pudong new area. today, in the bidding for scarce residential lands in the entire front beach area, sanxiang co., ltd. again took the first place in the auction, further expanding its land reserves, and greatly enriching its product lines.

sanxiang co., ltd. strode into pudong, committed to creating high end buildings, and starting a new chapter. the integration of green technology real estate with top quality land parcels is destined to present an extraordinary top quality, contributing a gorgeous scenery line to both sides of the huangpu river!

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