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China Housing & Land Development, Inc. Completes Initial Baqiao Land Sale of 18.4 Net Acres to Xi'an Developer for $25.2 million.
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PR Newswire
- Article date:
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January 2, 2008
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Copyright informationCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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XI'AN, China, Jan. 2 /Xinhua-PRNewswire-FirstCall/ -- China Housing & Land Development, Inc. "China Housing" (BULLETIN BOARD: CHLN) , a leading developer of residential and commercial properties in the city of Xi'an announced today that it has completed the first land sale of the Company's Baqiao Project to a local developer on December 24, 2007 for total consideration of approximately $25.2 million.
This transaction included the sale of 18.4 net acres of land, which provides the capacity to develop 2.6 million square feet of real estate construction area, and encompasses a total area of approximately 25 acres, which includes government owned infrastructure such as roads, ...
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