Singapore, May 6, 2021 - (ACN Newswire via SEAPRWire.com) - The Place Holdings Limited ("The Place Holdings", the "Company" and together with its subsidiaries, the "Group"), an SGX mainboard-listed company with a primary focus on integrating traditional businesses and new growth opportunities in the digital economy, is pleased to announce that the land site, held by its subsidiary Tianjie Yuntai Wanrun (Xiuwu) Property Development Co., Ltd. ("Tianjie Yuntai Wanrun"), has been assessed and revalued at RMB 481 million by one of China's leading valuation companies, WorldUnion Property Assessment Co., Ltd.Main EntranceVillasMajestic Mountainous BackdropAncillary FacilitiesAncillary FacilitiesCompared to the valuation of the land site of RMB 112 million as at 30 September 2020, the revaluation of RMB 481 million after the change in zoning represents a substantial increment in value of RMB 369 million, which is an increase of 329% from RMB 112 million.The size of the land site is approximately 270,500.64 square metres. It is strategically located within Mount Yuntai Tourist Township, where hospitality properties, wellness resorts, integrated retail and commercial developments and theme p...