HONG KONG, Sept 12 Chinese developer Yuexiu
Property on Thursday won an auction for a site in
China's northern city of Wuhan worth 9.01 billion yuan ($1.5
billion), according to leading property website focus.cn.
Yuexiu Property outbid other mainland developers such as
Shimao Property Holdings and Financial Street Holdings
to build offices, residential buildings and shopping
centres in Wuhan, the capital of Hubei province, and one of the
most populous cities in central China.
Last week, Hong Kong's largest developer Sun Hung Kai
Properties won an auction for a commercial district
site in Shanghai worth a record of 21.77 billion yuan ($3.6
Shares of Yuexiu, which has a market value of $2.7 billion,
fell 0.4 percent on Thursday morning, lagging a 0.2 percent rise
in the benchmark Hang Send Index.
(Reporting By Yimou Lee; Editing by Anne Marie Roantree)