trending Market Intelligence /marketintelligence/en/news-insights/trending/CX382cBptbCXwft7b2BCNQ2 content esgSubNav
In This List

Poly Property Group pays 5.20B yuan for residential/commercial site in China

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Blog

Infographic: The Big Picture 2023 Issuer & Investor Relations Outlook


Poly Property Group pays 5.20B yuan for residential/commercial site in China

Poly Property Group Co. Ltd. acquired a 498,700-square-meter residential and commercial site in Guangzhou, China, for 5.20 billion yuan, Chinese newswire Guandian reported Dec. 10.

The aggregate amount equals 10,431 yuan per square meter for the site where the company plans to build a 150-meter apartment building and two 150-meter office towers.

As of Dec. 10, US$1 was equivalent to 7.03 yuan.