Sept 10 — CHINA RES LAND’s wholly owned unit Chengdu Runying Real Estate Co. won a Chengdu commercial-service land parcel in Shiyang subdistrict, Shengxing community. The site is 109,652.88 sqm (164.48 mu) with a floor area ratio of 2.38. Reserve floor price was 2,780 yuan/sq m; final floor price was 5,400 yuan/sq m, with total consideration of 1.409 bln yuan, a 94.24% premium. The sale carries binding development requirements: within five years of project start total investment must be at least

Sept 10 — CHINA RES LAND’s wholly owned unit Chengdu Runying Real Estate Co. won a Chengdu commercial-service land parcel in Shiyang subdistrict, Shengxing community. The site is 109,652.88 sqm (164.48 mu) with a floor area ratio of 2.38. Reserve floor price was 2,780 yuan/sq m; final floor price was 5,400 yuan/sq m, with total consideration of 1.409 bln yuan, a 94.24% premium. The sale carries binding development requirements: within five years of project start total investment must be at least 6 bln yuan, and the developer must introduce a commercial-complex brand whose single-store sales rank in China’s top 15 for both 2024 and 2025.