Jul 11, 2012 08:05 PM

Luxury Developer Sets Record with Beijing Land Purchase

By staff reporters Li Shen and Zhu Yishi

The Wanliu plot in Beijing's Haidian District that Sinobo bought at auction

(Beijing) – Sinobo Group, a private real estate developer that focuses on luxury residential projects, bought a plot of land in northwestern Beijing for 33,800 yuan per square meter of planned building space.

The figure is a record in Beijing for a residential land purchase.

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