May 25, 2012
Ping An Insurance (Group) Company jointly bought a plot of land in Hangzhou’s Qianjiang New City for RMB 2.3 billion, the highest land price in the city in the year to date, according to local media reports.
The plot, facing Hangzhou Mixc Mall to the north and Raffles City to the south, covers a land area of 24,461 square meters and was jointly acquired with Shenzhen Jiaxin Investment Development Company and Kunshan Liancheng Equity Investment Management Company.
