Plot in Shanghai sells for record $93m
By Mu Chen (chinadaily.com.cn) Updated: 2014-07-09 16:56Lai Fung Holdings Ltd, a Hong Kong-based investment company, bought a record breaking plot of real estate in Shanghai with a premium floor price of more than 85,000 yuan ($13,700) per square meter, Chinese media reported on Wednesday.
Dongfang Dongli Ltd, a wholly owned subsidiary of Lai Fung, bought the plot with a floor space of 6,885.2 sq m for 577 million yuan ($93.10 million) in Shanghai's Huangpu district. The transaction floor price was 59,859 yuan per square meter but excluding the floor price of low-income housing, the floor price becomes a record acquisition in China at 85,512 yuan per square meter.
|
 |
 |
| Top 10 appealing Chinese cities for realty investors | Top 10 most expensive properties in Beijing |
- Chinese investments favored by Brazilian media, but PR still lacking
- China's car output, sales top 11m units
- China biggest buyer of US properties
- China welcomes WTO ruling: MOC
- China's new urbanization to contribute to world
- Shanghai joins Beijing in approving more luxury housing
- HK's IPOs to beat 2013 revenue
- Battery maker A123 of China's Wanxiang resurrects from bankruptcy
Hot Topics
Editor's Picks
