Greentown China (HKG:3900) paid 3.4 billion yuan to purchase a prime plot of land in Hangzhou's business district, The Standard reported Wednesday.
The developer paid a record 50,717 yuan per square meter for the plot, the report said.
The amount is 11.7% higher than Greentown's record for a site in Hangzhou's Gongshu district for HK$45,368 per square meter in 2016, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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