The floor price hits 95,900 yuan per square meter, and China Construction & Development Group secures a residential plot in Qianhai, Shenzhen with a 114% premium rate.

On June 12, Shenzhen put up for auction the residential land plot T201 - 0233 located in Guiwan, Qianhai, which attracted 9 real - estate developers to participate in the bidding. After 291 rounds of offline bidding, the land plot was won by Shenzhen Zhaoyue Real Estate Development Co., Ltd., a subsidiary of Jianfa Real Estate, for 3.525 billion yuan, with a premium rate of 114% and a transaction floor price of 95,900 yuan per square meter.

The land area of T201 - 0233 is about 11,900 square meters, and the building area is about 36,800 square meters. The starting price is 1.645 billion yuan. The latest new property in the area, China Merchants Haiyan Mansion, has a record - average price of about 142,000 yuan per square meter, and the current sales rate is about 77%.

This article is from the WeChat official account “Times Finance APP”. Author: Liang Zhengyu. Republished by 36Kr with authorization.