Yuexiu Property (00123) wins bid for a land parcel in Baiyun District, Guangzhou for about 1.012 billion yuan.

Yuexiu Property (00123) announced that on July 20, 2026, through its subsidiary Guangzhou Yuexiu Huacheng Real Estate Development Co., Ltd. (a company with actual ownership of 95.475% equity), successfully acquired the land parcels AB2914005 and AB2914006 on the west side of Zhengtong Road in Baiyun District, Guangzhou City, through public bidding for approximately 1.012 billion yuan. The land parcel in Baiyun District, Guangzhou City, has a land area of approximately 26,440 square meters, with a total construction area of approximately 56,933 square meters, including a planned construction area of approximately 26,428 square meters, consisting of a residential planned construction area of approximately 23,746 square meters and a cultural facility planned construction area of approximately 2,682 square meters. The land parcel is planned for residential and cultural facility use. Located to the west of the Baiyun District government, south of Baiyun Avenue, and north of Xiaotang West Road, the land parcel is a scarce low-density residential land in the central urban area of Guangzhou City. The San Yuanli area where the parcel is situated is the administrative core of Baiyun District, with a focus on commercial, residential services, and professional market facilities, adjacent to the core area of Baiyun New City and Yuexiu District. In terms of transportation, the land parcel is approximately 300 meters from the subway station, 3 kilometers from Baiyun New City commercial area, and 12 kilometers from Zhujiang New Town. Surrounding education and medical facilities are well-developed, with convenient transportation and mature supporting facilities. The board believes that the company's acquisition of the land parcel in Baiyun District, Guangzhou City, at a reasonable cost will increase the company's high-quality land reserve and further consolidate its strategic position in Guangzhou.