Green City Wins Guangzhou Liwan Land Plot for RMB 1.686 Billion After 50 Bids, Premium 40.97%
On July 28, a residential-commercial land plot in Guangzhou's Liwan District was put up for auction. The plot has a land area of 17,642.74 square meters, a planned floor area of 68,810.33 square meters, and a floor area ratio of 3.9. The starting price was RMB 1.196 billion, with a starting floor price of RMB 17,380 per square meter. Five real estate developers participated in the bidding. After a total of 50 rounds, Green City won the plot at a total price of RMB 1.686 billion, with a transaction floor price of RMB 24,501 per square meter, representing a premium rate of 40.97%.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Residential Development, with intensity 65/100 and 75% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.