- Tuesday 2010-06-29 16:50
June 29 -- Several listed real estate developers have continued purchasing new land plots despite the latest tightening in China's real estate market, report China Securities Journal.
Beijing North Star Company (601588) bought a plot of land with construction area of 101,200 square meters in Shunyi District, Beijing for 1.256 billion yuan.
Shenzhen Heungkong Holding (600162) plans to participate in a real estate development project in Xianghe County, Langfang, Hebei Province, with first phase development slated for close to 2,000 acres.
Lander Real Estate (000558) obtained a plot in Hangzhou with an area of 47,754 square meters for 290.5 million yuan.
Harbin Hatou Investment (600864) plans to buy a land plot with area of 85,000 square meters for no more than 90 million yuan.
The share price of Beijing North Star Company was down 4.82 percent to trade at 3.75 yuan at 14:05 pm on the Shanghai Stock Exchange on Tuesday.
