Sino-Singapore Tianjin Eco-City land plot sold for $236.4m
Sunac China Holdings won the bid through Tianjin Sunac Real Estate.
A Sino-Singapore Tianjin Eco-City land plot was sold for $236.4m to property developer Sunac China Holdings on 22 April, according to Sino-Singapore Tianjin Eco-City Investment and Development Co. (SSTEC).
Sunac China Holdings won the bid through its unit Tianjin Sunac Real Estate. It was a 3.62% premium over the starting price, translating to $1,413 per square metre for the 10.86 hectare residential plot in the central district of the Eco-City.
The plot will be developed to a project comprising low-rise and mid-high-rise buildings.