Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Yuexiu Property Co ( (HK:0123) ) has provided an announcement.
Yuexiu Property Company Limited has acquired a residential land parcel in Shanghai’s Pudong New Area for RMB2.56 billion through its 95%-owned subsidiary Shanghai Yueheng Enterprise Management. The site, located between the Middle and Outer Rings in the Gaohang cluster and positioned as part of the Senlan International Community expansion area, offers a planned gross floor area of about 108,958 square metres and will be developed into residential units for sale, alongside public service facilities that will be handed over to the government at no cost. Benefiting from strong transport links, educational institutions, green space and nearby commercial complexes, the acquisition is expected to enhance Yuexiu Property’s quality land bank and strengthen its strategic foothold in the Shanghai market.
The most recent analyst rating on (HK:0123) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Yuexiu Property Co stock, see the HK:0123 Stock Forecast page.
More about Yuexiu Property Co
Yuexiu Property Company Limited is a Hong Kong-incorporated real estate developer focused on residential property projects in mainland China, with a strategy that includes acquiring and developing land parcels in major urban markets such as Shanghai for saleable housing.
Average Trading Volume: 9,708,782
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$16.67B
For an in-depth examination of 0123 stock, go to TipRanks’ Overview page.