January 25, 2008 China Overseas Land and Investment Ltd (“COLI”, stock code: 688) got two pieces of land in Shanghai and Tianjin at a total price of close to RMB900 million.
The land in Shanghai was sold for RMB867 million with a total area of 131,200 square meter. The site is located at Nanhui District, close to Pudong New District, and will develop into a residential project of 191,400 square meters.
The auction price of Tianjin site is close to RMB26 million. Situated at Tanggu District Xiangluowan commercial business district, the land, a total area of 8,613 square meters, will develop into an office and commercial complex of 56,200 square meters. Other than the prime location, the site also has the best view of Bin River.
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