DDI Acquired A Land in Changxing Island, Chongming District

Apr,01 2017

       March 24th, 2017, Dongdu International (DDI) acquired a commercial land of No.55004 of Unit CX01in Fenghuang County, Changxing Island, Chongming District, Shanghai, with a price of RMB 405 million yuan.

       The overall land area of this commercial land covers 37,800m2, stretching from Yueyagang Road in the east to the planned public green space in the west, from Jin’an Road in the south to Jinmiao Road in the north.

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       There were 6 real estate companies participating in the bidding, including Greenland and Country Garden. The bidding began at a price of RMB 172.97 million yuan and raised with a minimum range of RMB 1 million yuan. Finally, DDI won the bidding with a unit price of RMB 5,357 yuan per square meter.