Beijing Sells Three Residential Plots for RMB13.765 Billion; Jinmao Wins Haidian Site with 14.1% Premium
On August 12, Beijing completed the sale of three residential land parcels for a total of RMB13.765 billion, against a combined starting price of RMB12.273 billion. The largest site, in Haidian District's Sijiqing Town, drew 130 rounds of bidding and was won by Jinmao for RMB9.761 billion, a 14.1% premium. In Shijingshan District, China Merchants Shekou secured the Pingguoyuan plot for RMB1.504 billion after 216 rounds, a 23.48% premium, while China Overseas Xincheng took the Liuniangfu site at its base price of RMB2.5 billion.
On August 12, Beijing completed the sale of three residential land parcels, with a total transaction value of RMB13.765 billion against a combined starting price of RMB12.273 billion. The three sites are located in Haidian District's Sijiqing Town, Shijingshan District's Pingguoyuan, and Shijingshan District's Liuniangfu.
The Sijiqing Town site in Haidian District has a planned construction area of 142,613.628 square meters, with a starting price of RMB8.555 billion and an initial average floor price of RMB59,987 per square meter. Prior to the auction, the plot received five rounds of online bidding and attracted five bidders to the on-site auction. After 130 rounds of on-site bidding, Jinmao won the plot for RMB9.761 billion, with a transaction floor price of RMB68,444 per square meter and a premium rate of 14.1%.
The Pingguoyuan site in Shijingshan District was won by China Merchants Shekou for RMB1.504 billion after 216 rounds of on-site bidding, with a transaction floor price of RMB35,931 per square meter and a premium rate of 23.48%. The Liuniangfu site in Shijingshan District was acquired by China Overseas Xincheng at the base price of RMB2.5 billion, with a transaction floor price of RMB42,330 per square meter.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Residential Development, with intensity 55/100 and 70% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.