Weiye - A Good Steal?

  • Eagle
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11 years 3 months ago #15239 by Eagle
Replied by Eagle on topic Weiye - A Good Steal?
they decided not to go into pure commercial real estate and sold their land intended for commercial use in Henan.

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11 years 3 months ago #15244 by gangho
Replied by gangho on topic Weiye - A Good Steal?
Eagle,

It announced on 12 Jan 13 to acquire a land in ZhengZhou for commercial & residential development. I found the following article [dated 22 Feb 13] at its website on new proj. Not sure if they are the same though.

祝贺河南集团天道公司和顺花园项目详规方案顺利获批

Date:2013-02-22 Views: 196



河南集团天道公司和顺花园项目自2013年1月份起,在集团领导统筹安排及成本设计中心等各中心全力配合下,总经理董朝兴带领天道公司团队,积极工作,盯办有力,继完成项目规划及户型讨论确定、规划限高调整(由原规划限高60米,调整为80米)、报批文本设计及4次修订后,2013年2月22日通过了规划方案评审,2月28日顺利取得《关于和顺花园住宅小区项目修建性详细规划的批复》的文件,速度快、效率高,顺利突破了制约项目进展的关键瓶颈,为完成公司2013年度工作目标奠定了坚实基础。

作为伟业控股河南集团在郑州区域市场沉寂两年之后的第一个破冰项目,这对河南集团的发展来说有着重要意义,再次吹响了强化河南市场发展的号角。

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11 years 3 months ago #15260 by gangho
Replied by gangho on topic Weiye - A Good Steal?
See below on disposal and acquisition of land by Weiye in Jan 13. Look like a good swap...

nextinsight.net/index.php/story-archive-...ye-latest-happenings


In January, the Group disposed a parcel land of 13,333.3 sqm in Zhengzhou for about Rmb 84.5 million and jointly acquired another land parcel of 42,666.9 sqm in Zhengzhou for a cash consideration of Rmb 120.7 million.

This newly acquired plot of land has been earmarked by local government as the commercial / administrative / school district of the city, and is expected to boost the Group’s brandname once developed.

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11 years 3 months ago #15272 by gangho
Replied by gangho on topic Weiye - A Good Steal?
Let's see if suffficient volume can be built up today.

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11 years 3 months ago #15277 by Eagle
Replied by Eagle on topic Weiye - A Good Steal?
in late January this year, the company officially declared pure commerical real estate if for bigger players than themselves as it requires more working capital. looks like they are landbanking commercial real estate rather than for developemetn.

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11 years 3 months ago #15281 by gangho
Replied by gangho on topic Weiye - A Good Steal?

gangho wrote: See below on disposal and acquisition of land by Weiye in Jan 13. Look like a good swap...


nextinsight.net/index.php/story-archive-...ye-latest-happenings


In January, the Group disposed a parcel land of 13,333.3 sqm in Zhengzhou for about Rmb 84.5 million and jointly acquired another land parcel of 42,666.9 sqm in Zhengzhou for a cash consideration of Rmb 120.7 million.

This newly acquired plot of land has been earmarked by local government as the commercial / administrative / school district of the city, and is expected to boost the Group’s brandname once developed.

The new plot of land wd be much more meaningful as it will build a strong brand for Weiye...the next Ying Li in making. Good breakout with high volume at 6c.

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