shanghai construction group (600170.SH) released an announcement on December 2, 2024, stating that its subsidiary, shanghai construction group property...
Financial and Economic Intelligence APP reported that shanghai construction group (600170.SH) issued an announcement on December 2, 2024, stating that its subsidiary, shanghai construction group property limited company, successfully bid for the state-owned land use rights of Unit 02-01 in Guzhen West, Xinchang Town, Pudong New Area, and signed the land transfer contract.
The plot is located in Xinchang Town, Pudong New Area, Shanghai, bordered by Public Green Space 02-02 to the east and south, Xinhuan West Road to the west, and Xueji Road to the north. The land area is 29,213 square meters, with a planned construction area of 58,426 square meters, intended for acquisition and resettlement housing. The total transaction price for the land use rights is approximately 0.391 billion yuan. The acquisition of the aforementioned land use rights aligns with the company's property business development strategy, which will help drive the development of its core business and enhance the company's sustainability.