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07.11.2012 20:05

Luxury Developer Sets Record with Beijing Land Purchase

Sinobo Group buys highly desired Wanliu plot in Haidian District
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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