Releasing confidence, CAPITALand acquired two homesteads in Chengdu, Wuhan with 3.493 billion yuan

2022-09-24 0 By

As a number of cities launched this year’s first centralized land supply, the land market has become a barometer of confidence in the property market.In addition to the central and state-owned enterprises, it can be seen that Capitaland, which has not done much in the land auction market, made another move in this round of land auction.Capitaland Real Estate recently acquired a high-quality residential land in Wuhan and Chengdu through auction, with a total price of 3.493 billion yuan.Among them, the Wuhan site is located in qiaokou District, changmatou CBD, at the intersection of Development Avenue and Huaihai Road. It covers an area of 45,709.18 square meters, with a gross floor area of 146,000 square meters, and was sold for 2.31 billion yuan.The Chengdu site is located in Cuijiadian Community, Erxianqiao Street, Chenghua District, with a gross floor area of 73,453 square meters and a transaction price of 1.183 billion yuan.It is reported that both plots will start construction within this year, planning to build high-quality residential projects.Wuhan is one of the core business cities of Capitaland for many years.”China is one of capitaland’s core markets and capitaland is optimistic about the future of the Chinese market in the long term,” said Liao Antong, CEO of Capitaland.The current adjustment of China’s real estate industry will propel the industry to a new stage of healthier, high-quality development.Capitaland will continue to seek investment opportunities and contribute its expertise to the new stage of Urbanization in China.Chen Zhishang, CEO of Capitaland Real Estate (China), said capitaland believes in the value of its whole industrial chain and sustainable development concept, which is deeply aligned with the direction of the Chinese market in the next stage, and can provide high-quality and forward-looking solutions for the market and customers.Both Chengdu and Wuhan are the core business cities of Capitaland, and the acquisition of these two plots will further improve capitaland’s local investment portfolio.Data from relevant institutions show that since March, the transaction volume of the real estate market in major Chinese cities has increased, showing more signs of recovery.Among them, wuhan trading volume increased by 51.2% since March, showing a good recovery trend.Chengdu January to February new housing sales volume increased slightly year on year, the market recovery trend is steady.It is reported that capitaland will make full use of its advantages in the layout of the whole real estate industry chain, and add its rich experience in industrial park operation, industry-city integration, urban renewal and other aspects to the development and operation management of the project.In the future, CAPITALand will continue to explore the Chinese market, seek more investment opportunities, and contribute to urban development and better life experience.Article, picture/Guangzhou Daily · New Huacheng reporter: Liu Liqin Guangzhou Daily · New Huacheng editor: Li Guangman statement: the copyright of this article belongs to the original author, if there is a source error or infringement of your legitimate rights and interests, you can contact us through email, we will deal with it in time.Email address: