Shengtong Metro's subsidiary plans to spend 3.1 billion yuan to acquire residential land in Baoshan, Shanghai

LightningPacketLoss · 2026-03-24T12:12:02+00:00

Shanghai Guangning Construction and Development Co., Ltd. plans to acquire a land parcel in Baoshan District for 3.128 billion yuan, with a land area of 9.47 hectares, to be used for ordinary commercial residential housing with a floor area ratio of 1.4. The public announcement will close on March 27, 2026. The company is wholly controlled by Shanghai Metro Asset Management.

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2026-03-24 12:12:02

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Cailian Press, March 23 — According to information published today on the Shanghai Land Market official website, Shanghai Guangning Construction Development Co., Ltd. plans to acquire the N12-1001 Unit 05A-10 and 05B-02 land parcels in Baoshan District, Shanghai (Rail Transit Station Integrated Development Project) for 3.128 billion yuan. This announcement will be open for public comment until March 27, 2026.

The land is bounded by Kangning Road to the east, Nanxunzhao Road to the south and west, and Hulan West Road to the north. It is designated for general commercial housing, with a land area of 9.47 hectares and a floor area ratio of only 1.4.

Tianyancha information shows that Shanghai Metro Asset Investment Management Co., Ltd. owns 100% of Shanghai Guangning Construction Development Co., Ltd., while Shanghai Stst Metro Asset Operation Management Co., Ltd. and Shanghai Stst Metro Group Co., Ltd. hold 79.55% and 20.45% of Shanghai Metro Asset Management Co., respectively. (Cailian Press reporter Wang Haichun)

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