Ying Li International Real Estate buys land in Chongqing

Singapore-listed Ying Li International Real Estate has acquired a prime integrated development site in Chongqing’s Yuzhong District for S$177 million.

The site was bought in a government land auction. Ying Li said on Friday it will develop the site into an integrated development project, with high-end residential, hospitality and high-grade retail components.

The project is expected to be fully completed by June 2013. Ying Li said this will allow it to capitalise on the rapid growth trend in the prime central business district area of Chongqing.

The firm expects to start a presale of the residential units next year.

Source : Channel NewsAsia – 25 Sep 2009

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