China's overseas development rises 2% premium to develop Sheung Shui site in Hong Kong

Source: Internet
Author: User
Keywords Hong Kong dollar land premium
Sales continue to be hot and the target of the year ended by the end of May has achieved 70% of China's overseas development, in Hong Kong this morning in pursuit of the upside down, the stock price is now up 2.11% to HK $16.44, deal 8.54 million shares.  The company said in Sunday that it had accepted the HK $1.18 billion premium for the development of residential projects in an agricultural area, which was equivalent to a premium of HK $3,104 per square foot floor. Information shows that the project is located in Sheung Shui, Hong Kong, with a site area of 947,232 sq ft and is scheduled to be completed within three years. China's overseas development plan invests more than HK $3 billion in the project. The company also said that its land reserves of 24.8 million square meters, to meet the company's 4-5-year development needs.
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