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Article: Xinyuan Real Estate Co., Ltd. Acquires Additional Parcel of Land in Zhengzhou.
- Article from:
- PR Newswire
- Article date:
- October 29, 2009
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BEIJING, Oct. 29 /PRNewswire-Asia/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") , a residential real estate developer with a focus on high growth, strategic Tier II cities in China, today announced that it has acquired an additional parcel of land in eastern Zhengzhou, the capital city of central China's Henan Province.
Xinyuan paid a total of RMB395 million (approximately US$58 million) for the unencumbered land use rights for the parcel, which offers a total site area of approximately 56,100 square meters. Based on pre-planning of the proposed development projects consisting of high rise residential apartments of 70-150 square meters, this ...