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Aoyuan Successfully Acquires High Quality Commercial and Residential Land Parcel in Jiulongpo District of Chongqing
 Date:2014-09-11
(11 September, 2014 – Hong Kong) China Aoyuan Property Group Limited ("Aoyuan" or the "Company", Stock Code: 3883), a renowned property developer in China, is pleased to announce that the Company has successfully acquired through auction a plot of high-quality commercial and residential land in the Jiulongpo District of Chongqing for RMB 1.49 billion. The land parcel has a total GFA of approximately 455,200 sq.m. at an average cost of approximately RMB 3,273 per sq.m..
Located in proximity to the Hengsheng overpass in Panlong within the Jiulongpo District, the land parcel offers convenient access to Light Rail Lines 2 and 5, the planned bus terminal, and multiple highways connecting the main urban districts and other cities. It is well-equipped with comprehensive community facilities such as commercial, banking, healthcare, education and leisure facilities. The land parcel is located near Yangjiaping commercial district and Jiulongpo District Government. It is surrounded by Baoguo Town Park, Caiyunhu Ecological Wetland Park, Shuangshan City Forest Park and Dadukou Municipal Park, enjoying an alluring natural setting.
Chongqing is a core city in midwest of China with significant potential for development. Jiulongpo is a National High-tech Industrial Development Zone and a Chongqing Special Industrial Park, with multiple global Fortune 500 companies and well-known domestic enterprises now stationed. The district has achieved rapid development in recent years. This, together with a natural and livable environment, drives strong growth in end-users’ housing demand in the area. The acquisition is in line with Aoyuan’s development strategy of "rapid development and rapid sales" and is beneficial to strengthening the Company’s strategic layout in Chongqing. It will generate synergies with other Aoyuan projects under development in this district to further enhance Aoyuan’s branding in Chongqing.