The parcels, located in the central areas of Luodian New Town, were gazetted for homes.
They measure 43,300 sq m (10.7 acres) and 107,824 sq m (26.63 acres) and were sold to the Hong Kong-listed group at a per gross floor area price of 20,100 yuan psm and 21,300 yuan psm respectively.
Starting prices for both plots were around 16,000 yuan per sq m.
Sino-Ocean expects to build upscale villas on the two parcels, which might be able to fetch a sale price of between 35,000 and 40,000 yuan psm.
Currently, new apartments in Luodian fetch between 17,000 and 18,000 yuan psm, while villas range from 26,000 to 33,000 psm.
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