Shanghai Yuyuan Tourist Mart (600655.SH) announced that its wholly-owned subsidiary, Sanyafuxin Investment Co., Ltd., participated in the public auction of state-owned construction land use rights for Sanya Haitang Bay National Coast Leisure Park Controlling Plan HT06-14-03 plot held in the land transaction market of Sanya City, Hainan Province on June 19, 2024, and won the bid for RMB 1.794 billion. The company owns 100% equity of the project. The company does not rule out the introduction of strategic partners and jointly developing the project according to the actual situation of the project and its own global strategy advantages.
According to Zhixun Finance APP, Shanghai Yuyuan Tourist Mart (600655.SH), announced that its wholly-owned subsidiary, Sanyafuxin Investment Co., Ltd., participated in the public auction of state-owned construction land use rights for Sanya Haitang Bay National Coast Leisure Park Controlling Plan HT06-14-03 plot held in the land transaction market of Sanya City, Hainan Province on June 19, 2024, and won the bid for RMB 1.794 billion. The company owns 100% equity of the project.
It is reported that the Sanya Haitang Bay National Coast Leisure Park Controlling Plan HT06-14-03 plot (plot announcement number: Sanziranziguigaozijian〔2024〕No.4) has a total area of 93,571.11 square meters, and a calculated construction area of 140,357 square meters. The land use is for urban residential (marketable commodity housing). The land use rights for residential purposes is 70 years.