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AGPYF.PK - Agile Property To Spend CNY 10-13 Bn On Land Purchase In 2013

|Includes:Agile Group Holdings Limited (AGPYF), AGPYY


Prepared by ChinaScope Financial | Source: Tencent Finance
  • WEI Jingxin, General Manager of Agile Property Holdings Ltd. (03383: HKG), said the company plans to spend CNY 10-13 billion on land purchase and CNY 17 billion on housing construction this year. It has set the contracted sales target for 2013 at CNY 42 billion.
  • CHEN Zhuolin, Chairman of the company, added that the company will mainly purchase fifteen to twenty land parcels worth CNY 0.5 to 1.0 billion each. Last year, it spent only CNY 2.79 billion on eight land plots.
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