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CWG International buys Hangzhou land for $234 mil

Property

CWG International buys Hangzhou land for $234 mil

PC Lee Published on Mon, Jan 15, 2018 / 7:45 AM GMT+8

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SINGAPORE (Jan 15): CWG International continues to build up its land bank in China.

Indirect subsidiary, Suzhou Chiway Jingcheng Real Estate Co., has put in the winning bid in an auction for the land use rights of a land parcel located in Yuhang District, Hangzhou city, Zhejiang province, China,

The land parcel will be used for residential and commercial purposes, and comprises a site area of 47,683 sqm with a plot ratio of 2. The maximum gross floor area is 95,366 sqm.

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