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China to auction hotel, exhibition site in southern Zhuhai city

A 226,000-square-meter site for hotels and exhibitions near the Hong Kong-Zhuhai-Macau Bridge will accept bids Oct. 9-18, The South China Morning Post reported, citing the government of the Chinese city of Zhuhai.

The opening price of the site will be 5.64 billion yuan, or 5,828 yuan per square meter, the report said.

The site may draw strong interest from developers due to demand from business travelers in southern China, it said.

As of Sept. 24, US$1 was equivalent to 7.12 Chinese yuan.