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Industrial Land Parcels in SIP Sold through Public Bidding for the First Time

SIP authorities held the first public tender for industrial land parcels on July 13 at Modern Building.

Three land parcels were offered to public bidding with specific requirements on the intensity of investment, the type of industry, and ratio of building spaces, rate of green grounds, and density of buildings. The quoted starting prices for the land bidding were 8.76 , 12.38, and 16.26 million RMB respectively, and the parcels were awarded to the final winners, Suzhou Anlute Auto Parts Co., Ltd., Suzhou Zhongtian New Building Materials Co., Ltd., and Fittec Electronics (Suzhou) Co., Ltd.

The representatives of three winning bidders believe that the public bidding for land of industrial uses is a significant progress that promotes the transformation of economic growth mode, the selection of investors, the upgrading of industrial structures, and intensive utilization of land.

July 16, 2007

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