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China Resources Land buys 6 land parcels in China for 6.36B yuan
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China Resources Land Ltd. bought six land parcels in China in November for approximately 6.36 billion yuan.
The company said the sites in Kunming, Tianjin, Yantai, Shanghai, Nanchang and Guangzhou have a gross floor area of about 1,481,451 square meters.
Year-to-date, the Chinese developer has added 54 assets to its land bank in China, with land premium attributable to the company reaching 58.55 billion yuan.
As of Dec. 7, US$1 was equivalent to 6.62 yuan.