'River Park', a large residential development by Beijing Urban Construction and Development Co., Ltd., was officially opened yesterday. With advantageous location near Beijing Metro Line 5 and South 4th Ring Road, the compound has a optimistic sales prospect.

Its opening sale price is expected to reach 13,000 to 14,000 RMB per square meter, a relatively high level price for the area; and the delivery date is expected to be in the second half of 2008. As the first residential land acquired by competitive bidding, River Park is also a sign that Beijing Urban Construction and Development is accelerating the pace of development in real estate market.


Source: Shanghai Securities News

Date: 9 Nov 2007