Jiali 820 million to buy Prince Edward Road West full house

Jialing Group (01271) announced that it will spend 820 million yuan to Yuexiu Real Estate (00123) to purchase Ho Man Tin Road West, No. 279, the whole building of the new residential building, the price of 20,800 yuan.

Prince Edward Road West 279, a total of 18, including 12 layers and 6 characteristics of complex households, the practical area of about 1300 to 2700 square feet, the total floor of about 39,400 square feet.

Jiaming Group, director of business and marketing Yan Jingfeng said that the transaction price is reasonable, plans as an investment project. Property has been the building, but also attached to the club, the investment potential to see a high line, the group will continue to expand market opportunities. The Group stated in its announcement that the Group would provide funds for the acquisition through bank lending and internal resources.

Data show that Yuexiu real estate in 2012 unified Prince Edward Road West 279, and last year land premium of about 271.5 million yuan to rebuild the site, each square foot floor land premium of about 6888 yuan.