Vanke Spends 900M Yuan For Land Near Disney Site

Vanke Shanghai, a subsidiary of China Vanke (000002), purchased a 99,200 square meter plot of land in Pudong near the site for Shanghai Disneyland for 894 million yuan, 233% over the list price, reports Guandian.cn. The average floor price of the plot's construction area is 6,001 yuan per square meter. The land is slated for residential construction. On February 5, Vanke purchased a 135,600 square meter piece of land in Wuhan for 632 million yuan.