Domestic
Dalong buys residential land in Beijing at 5b yuan
(Xinhua)
Updated: 2009-11-21 16:13
Dalong Estate, a Shanghai-listed property developer owned by Beijing's Shunyi district government, had acquired a parcel of residential land in Shunyi for 5.05 billion yuan ($739 million), the Beijing Times reported on Saturday.
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The land would be used to build villas, said the newspaper. The plot's initial bidding price was 1.41 billion yuan.
