Wuhan Metro spent 196 million yuan to acquire a residential land in Wuhan's Jiang'an District.

Today, Wuhan released a residential land located in Jiang'an District. The land is in the third phase of the Labor New Village in Jiang'an District, with a land area of 12,297 square meters, a plot ratio of 1.5, a starting price of 196 million yuan, and a starting floor price of 10,652 yuan per square meter. The land was previously planned as commercial mixed-use land, but the land use was changed to urban residential land after the planning adjustment in May of this year. Eventually, Wuhan Xunwang Real Estate Co., Ltd. won the bid for the land at a price of 196 million yuan. Equity penetration data shows that Wuhan Metro Group, through its wholly-owned subsidiary Wuhan Metro Holdings Co., Ltd., holds 100% equity of Wuhan Xunwang Real Estate Co., Ltd.