HK firm wins development site in mainland
Updated: 2011-08-18 13:47
(Xinhua)
|
|||||||||||
HONG KONG - The Hong Kong railway operator MTR Corporation announced on Thursday that two of its subsidiaries won the land use right of a metro property development site in neighboring Shenzhen.
The subsidiaries will incorporate a project company in the mainland to undertake residential and commercial development on the site, which is above the depot of the Shenzhen Longhua metro line, said their whole owner MTR.
They, as the project company, will be responsible for all development and construction costs.
The land premium is approximately 2 billion yuan ($313 million). The total developable gross floor area of the site is approximately 206,167 square meters.
Part of the net profits generated from this property development will be shared with the Shenzhen municipality to support metro development in Shenzhen, said the MTR.
Related Stories
Package unveiled to boost HK economy 2011-08-18 07:15
Mainland and HK's trade co-op spurred by new policies 2011-08-18 06:37
Li tours HK to learn about youth employment 2011-08-18 06:35
Mainland entities allowed to issue more RMB bonds in HK 2011-08-17 22:50
Li announces measures to boost HK's growth 2011-08-17 13:34
Mainland, HK sign economic, trade co-op projects 2011-08-17 13:11
Hot Topics
Anti-Gay, Giant Panda, Subway, High Speed Train, Coal Mine, High Temperature, Rainstorm, Sino-US, Oil Spill, Zhu Min
Editor's Picks
|
|
|
|
|
|
