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China Housing & Land Development, Inc., ("China Housing", Nasdaq: CHLN) Hot Stock on the Move!

Publication: M2 Presswire
Publication Date: 08-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-8 June 2009-PennyStockChaser.com: China Housing & Land Development, Inc., ("China Housing", Nasdaq: CHLN) Hot Stock on the Move!(C)1994-2009 M2 COMMUNICATIONS

RDATE:08062009

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Today's news alerts include: China Housing Breaks Ground on Puhua Project

XI'AN, China, June 8, 2009 -- China Housing & Land Development, Inc., ("China Housing", Nasdaq: CHLN) today announced that the Company has commenced construction of its Puhua project, a large mid-upper income residential community development project in Xi'an, China.

The Puhua project, a joint venture between China Housing and Prax Capital China Real Estate Fund I, Ltd., is China Housing's 79 acre joint venture located within the larger 468.6 acre Baqiao project zone. The gross floor area of Puhua on this 79-acre site will be about 640,000 square meters (about 6.6 million square feet). The Company believes that pre-sales agreements will start in September 2009. The construction of the residence units will be completed in four phases, with the final buildings in the 79-acre complex expected to be finished in 2014. Residences will total about 98.5% of...

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