Premium rate of 11.25%, Poly Development teams up with China Merchants Shekou to invest 1.729 billion yuan in the core area of Wenzhou City.

Wenzhou successfully transferred a residential land in the Lucheng District, with the plot being acquired by Poly Development and China Merchants Shekou at a total price of 17.299 billion yuan, with a premium rate of 11.25%. The D-10 and E-02 plots in the Hongdian unit of the core area of Wenzhou City are located in Liyi Village in the Binjiang Street of Lucheng District, with a land transfer area of 55,372.77 square meters, a planned construction area of 103,663 square meters, a plot ratio of 2.59, and the main building used for residential, retail, catering, and commercial finance purposes; the starting price of the plot was 15.549 billion yuan.