(Feb 16th, 2008 – Guang Zhou) A leader in real estate complex in Guangdong China — China Aoyuan Property Group Limited ("China Aoyuan" or "Group"; 3883hk). China Aoyuan is pleased to announce the successful acquisition the central site of residential landbank which located in new town, Qingyuan, Guangdong by RMB 42.71 million at the last bidding block on Feb 16th, 2008, which occupies a total site area of approximately 94,910.8 sq.m, is equivalent to a cost of RMB 204.5 per sqm. In addition, the GFA of this whole project is 208,803.76 sq.m.
This project is located in the new town hub of Qingyuan District. It is situated at the west of Qing-Guang Av. and the south of Lianjiang W. Rd. The project location is superb with mature commercial facilities. The Group plans to develop the land site into a comprehensive cultural ecological community.
Qingyuan District, ranked the "Northern Bright Pearl" in Peal River Delta Region with robust development, which is located in the central part of Guangdong Province. It is situated at the south to Guangzhou, north to Hunan, east to Shaoguan and west to Guangxi, with tour characteristic.
Upon completion of this acquisition, the land bank of China Aoyuan is further expanding in Guangdong Province, with a view to build a solid foundation of Peral River Delta market and stable low-cost landbank.在·