Mhome Acquires Premium Land in Chengdu for $US27.83 million

The developer plans to develop A-grade fully-furnished properties with the parcel A  CHENGDU, China, Jan. 22, 2021 /PRNewswire/ --A Mhome Group (000667.SZ), a leading Chinese real estate developer headquartered inA Wuhan,A has acquired a premium land parcel in Chengdu, Sichuan Province for CNY180 million ($US27.83 million). It is the company's first property in the southwestern Chinese city and will be developed as an A-grade prefabricated construction project, the first in Sichuan.Mhome will utilize Building Information Modelling (BIM) and other digital and intelligent technologies to develop the residential project adhering to the highest standards, and all houses will be fully furnished. The move-in ready prefabricated residential properties have been very popular in the domestic market. Mhome'sA prefabricated housing project Mhome 1 Yungu Road in the capital city of Anhui Province sold out 306 properties on the opening day of December 18, 2020, for a total sales volume of CNY430A million ($US66.44 million). TheA additional properties up for sale sold out in under one minuteA on January 15, 2021, breaking the sales volume of CNY100A million ($US15.45 million).
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