The first batch of residential land plots have been listed for transfer after the introduction of Shanghai's new policy, and the total starting price of the 2 residential land plots is approximately 4.155 billion yuan.

According to the transfer announcement released by Shanghai Land Trading Affairs Center, the 11th batch of land auctions in Shanghai is scheduled for November 30. This batch puts up a total of 2 commodity residential land plots, located in Xinyangsi of Pudong and Nanda of Baoshan respectively, with a total starting price of about 4.155 billion yuan. This batch is the first residential land batch transferred in accordance with the new regulations after Shanghai implemented the national reform of the commodity housing sales system and issued the implementation rules on September 28.

The Xinyangsi plot in Pudong is located in the core area of Xinyangsi, more than 300 meters away from the Gaoqing Road Station of Metro Line 6, close to Dongming Road Station, the transfer station of Line 6 and Line 13. There is a planned nine-year consistent school in the surrounding area, with gathered education resources including Mingzhu Primary School and Yangsi Middle School, and projects such as the Gaoqing Road TOD commercial cluster and the Central Park are under promotion.

The Nanda plot in Baoshan has a floor area ratio of only 1.36 and a height limit of 36 meters, which is a low-density residential land plot launched in the Nanda sector after many years. The plot is adjacent to the Zoumatang Waterfront Park in the north and public green space in the south, with supporting facilities such as Nanda Road Station of Metro Line 15, Baoshan Branch of Renji Hospital, Baoshan Lansheng School and China Resources Mixc nearby.

The two land plots this time do not mandate existing home sales, but the pre-sale conditions have been raised: when applying for pre-sale of commodity housing, the main structure of a single building must be capped; the pre-sale funds shall be subject to full-amount and whole-process supervision, and the supervision can only be lifted after the project passes the comprehensive completion acceptance.

The land payment is made in installments: 20% of the deposit shall be paid within 5 working days after the contract is signed, no less than 50% shall be paid accumulatively within 30 days, and the remaining 50% can be paid interest-free within one year after the contract is signed.

This article is sourced from Viewpoint, and 36Kr publishes it with authorization.