Yuexiu Property Limited announced on October 22, 2024, that its subsidiary, Wuhan Kangjing Industrial Investment Limited Company, in which it actually holds 99.638% equity, together with Beijing Future Science City Real Estate Limited Company, formed a consortium. They successfully bid for the renovation and environmental improvement project of the shanty towns in Xiaoshahe Village and surrounding areas of Changping District, Beijing, with a total land area of approximately 67,881 square meters. The planned total construction area is about 183,351 square meters, with a calculated volume construction area of about 110,585 square meters. The nature of the land includes residential land, social welfare land, and basic education land, with plans to build residential properties for sale. The project company will transfer some of the land to the Beijing municipal government free of charge. This acquisition will increase Yuexiu Property's high-quality land reserves and consolidate its strategic position in Beijing.

Yuexiu Property Limited announced on October 22, 2024, that its subsidiary, Wuhan Kangjing Industrial Investment Limited Company, in which it actually holds 99.638% equity, together with Beijing Future Science City Real Estate Limited Company, formed a consortium. They successfully bid for the renovation and environmental improvement project of the shanty towns in Xiaoshahe Village and surrounding areas of Changping District, Beijing, with a total land area of approximately 67,881 square meters. The planned total construction area is about 183,351 square meters, with a calculated volume construction area of about 110,585 square meters. The nature of the land includes residential land, social welfare land, and basic education land, with plans to build residential properties for sale. The project company will transfer some of the land to the Beijing municipal government free of charge. This acquisition will increase Yuexiu Property's high-quality land reserves and consolidate its strategic position in Beijing.