GuocoLand makes foray into China’s Tianjin

GuocoLand is growing its presence in China.

The developer has signed a conditional agreement to acquire a parcel of land in the city of Tianjin for US$52.5 million.

Under the deal, GuocoLand will acquire Tianjin Zhong Xin Ming Shi Real Estate – which in turn owns a 26,000 square metre parcel of land in Tianjin.

The land is designated for residential and office development and has a saleable area of 153,000 square metres.

GuocoLand already has developments in key cities in China – including Beijing, Shanghai, and Nanjing.

Source: Channel NewsAsia, 26 March 2007

Join The Discussion

Compare listings