Yuexiu secured a plot in Pazhou with a floor price of 60,700 yuan per square meter, and Guangzhou's land sales in the first half of the year exceeded 30 billion yuan.

On June 30, two residential land parcels in Luopu Street, Panyu, Guangzhou, and the second central area of Pazhou, Haizhu, were successfully sold, fetching a total of 2.4 billion yuan.

The Pazhou land parcel attracted many real - estate developers such as Poly, CNOOC, China Merchants, and Greentown to participate in the auction. After 88 rounds of bidding, Yuexiu finally won the bid at 1.37 billion yuan, with a premium rate of 46.3% and a floor price of 60,700 yuan per square meter, ranking among the top 5 in Guangzhou. The Luopu Street land parcel was won by Guomao Real Estate at 1.03 billion yuan, with a premium rate of 55% and a floor price of 18,800 yuan per square meter.

According to statistics from the China Index Academy, in the first half of this year, a total of 10 residential - related land parcels were sold in Guangzhou, with a total transaction amount of 32 billion yuan.

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