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09-09-2012, 08:05 PM
Base on recent data released by Ministry of Land and Resources (MLR) of China, the average land price of 105 cities in China is 3057 RMB/sqm. The residential land average price is 4516 RMB/sqm
The mix-development land (commercial and residential) normally fetch 500 RMB/sqm more than residential land.
Let's use the latest data to derive the market value of ITG's JXSPD land
The JXSPD land size is 137,400 sqm. Base on average price of 5000 RMB/sqm, the pre-developed JXSPD land market value is 687 mils RMB (137.4 S$ mil, with exchange rate of 5:1)
Base on the latest outstanding share of 134 mils share, it is equivalent to $1.03/share.
Any comment?
The mix-development land (commercial and residential) normally fetch 500 RMB/sqm more than residential land.
Let's use the latest data to derive the market value of ITG's JXSPD land
The JXSPD land size is 137,400 sqm. Base on average price of 5000 RMB/sqm, the pre-developed JXSPD land market value is 687 mils RMB (137.4 S$ mil, with exchange rate of 5:1)
Base on the latest outstanding share of 134 mils share, it is equivalent to $1.03/share.
Any comment?
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡