[photopress:Sino_Land.jpg,full,alignright]Sino Land has paid RMB4.14 billion for a commercial residential site at an auction in Chengdu. The 148.33-hectare site in Sichuan province will be used for high-end residential and commercial development.
UBS in a research note said Sino Land had been a ‘rare developer without an aggressive China strategy.’ UBS also expects Sino Land’s income stream to become more stable as the developer is set to complete 2.3 million square feet of investment property in the next few years. The odd but attractive illustration comes from the company’s brochure.
Source: The Standard