greentown wins auction Greentown China Holdings, the largest property developer in Zhejiang province, has won an auction to buy a 15,486 square metre lot in Hangzhou City for 175.76 million yuan. It plans to start construction at the site in the second half of next year to provide 423 residential units. chuang's profits jump Chuang's Consortium International posted a 129.3 per cent year-on-year surge in net profit to HK$83.7 million for the six months to September, as turnover rose 66.7 per cent to HK$388.8 million. Applied buys panama land Resort developer Applied Development has bought a site of 48.42 million square feet in Panama's Chiriqui province for US$17.24 million, to expand its land bank for resort development. Completion is subject to due diligence investigation. Reward for HKEx staff Hong Kong Exchanges and Clearing's board has decided to spend HK$19.67 million to buy back shares in the market, to be distributed to 67 employees as rewards for their contribution.