Urban Construction Development announced it will independently or jointly with non-affiliated parties participate in the bidding for land parcel CP02-0405-0002 in Dongxiaokou Town, Changping District, Beijing. The listed starting price for the parcel is 4.5 billion yuan, and the company estimates the total land payment and subsequent development and construction funds will not exceed 10 billion yuan. The announcement stated that the parcel benefits from convenient road networks and well-developed supporting facilities, and driven by the strong sales of the first-phase Longyue Haixu project developed by the company, which launched in May this year, it holds good investment value. In the first quarter of 2026, Urban Construction Development achieved revenue of 7.807 billion yuan and net profit attributable to the parent company of 164 million yuan.
Beijing Urban Construction Investment & Development Co LtdCompany plans to bid for a land parcel with strong sales of its first-phase project, indicating investment value and potential future revenue.