August 19 -- Beijing Urban Construction Investment and Development (600266) filed its wholly-owned subsidiary, Beijing Urban Xinghua Real Estate, purchased a plot of land in Shunyi District, Beijing for 468 million yuan, reports stcn.com.

The tract covers 8.2 hectares with planned area of 200,155 square meters and a floor area ratio of 2.5. It will be used for residential purposes only, with a transaction price cap of 6,100 yuan per square meter.