JBDC's subsidiary Tianjin Taihong jointly won a residential land bid
JBDC's wholly-owned subsidiary Tianjin Taihong Real Estate Development Co., Ltd. acquired the Jinhe Mountain (Hanging) 2025-05 plot through a joint bidding process on February 26, 2025, with a transaction price of 296 million yuan. The plot is located in the Heping District, with a planned land use nature of Class II urban residential land, covering an area of 4,007.4 square meters, and a floor area ratio of 1.0 to 1.7. Taihong Company will jointly establish a holding project subsidiary with its partner Tianjin Jincheng Construction Development Co., Ltd. for development
According to the news from Zhitong Finance APP, JBDC (000897.SZ) announced that its wholly-owned subsidiary, Tianjin Taihong Real Estate Development Co., Ltd., acquired the Jinhe Mountain (Hanging) 2025-05 plot project through a joint bidding method on February 26, 2025. The plot is located at the intersection of Shandong Road and Hami Road in Heping District, with boundaries extending east to Shenyang Road, south to Rehe Road, west to Hami Road, and north to Shandong Road; the planned land use is classified as Class II urban residential land, with a state-owned construction land use right transfer period of 70 years; the planned land area is 4,007.4 square meters, and the floor area ratio is 1.0 < and ≤ 1.7. The transaction price for this plot is 296 million yuan. The partner in this joint bidding is Tianjin Jincheng Construction Development Co., Ltd. Subsequently, Taihong Company will develop the plot by jointly establishing a project subsidiary controlled by Taihong Company with the partner
