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China Resources Land pays 5.72B yuan in May for 5 land parcels

China Resources Land Ltd. purchased five land parcels in May for a total of nearly 5.72 billion yuan.

The land plots have a combined area of about 481,162 square meters and are in Tangshan, Zhengzhou, Beijing and Ningbo in China, with another in Hong Kong.

For the year-to-May period, the Hong Kong-based real estate developer paid about 39.45 billion yuan for stakes in 30 land parcels.

As of June 13, US$1 was equivalent to 6.40 Chinese yuan.