Zhuhai will auction a plot in the Hengqin New Area in an auction open exclusively to Macao companies qualified under the Framework Agreement of Cooperation Between Guangdong and Macao, Nanfang Daily reported.
This is also the first land auction in the city in 2017. The plot will be used for purposes of high technology, office buildings and hotels. The lease for high technology is 50 years, and 40 years for office building and hotels.
The plot buyer is required to have a 100 percent shareholding of a company in Hengqin New Area within six months of winning the auction.
Interested parties can deliver their proposal before Feb. 10 2017.