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Poly Real Estate acquires Chongqing, China, land plots for 2.67B yuan

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Poly Real Estate acquires Chongqing, China, land plots for 2.67B yuan

Poly Real Estate Group Co. Ltd. acquired two residential plots in Liangjiang New Area in Chongqing, China, for 2.67 billion yuan, Guandian reported.

The company acquired a 64,000-square-meter (96 mu) plot for 1.21 billion yuan and a 60,000-square-meter (90 mu) plot for 1.46 billion yuan.

Further, Joy City Property Ltd. acquired an 86,666.67-square-meter land parcel, also in Liangjiang New Area, for 780 million yuan, the report said.

As of May 30, US$1 was equivalent to 6.90 Chinese yuan.