March Property Market Review China
[March - 30 -2018] Agile Group Holdings announced its acquisition of a residential site in Chengdu City, Sichuan Province for a total consideration of RMB730 million. The site covers a total area of 70,000 sq.m., with a total planned GFA of 140,000 sq.m. The average land cost is approximately RMB5,250 per sq.m..
[March - 20 - 2018] Ajisen (China) profit from operation increased by 24.7% to RMB302 million. Gross profit increased by approximately 2.5% to RMB1.755 billion. The group recorded a loss of approximately RMB487 million attributable to shareholders for 2017 because its earlier investment in China's IT giant Baidu Takeout Delivery resulted in a fair value loss in its financial assets