PowerChina Real Estate and Yinsheng Fanmei Win Two Beijing Land Plots at Base Price for RMB1.663 Billion
On August 11, two residential land plots in Beijing were transferred, located in Fangshan District and Shunyi District. The total planned above-ground floor area of the two plots was approximately 103,200 square meters, with a combined starting price of RMB1.663 billion. Ultimately, both plots were sold at their base price, with a total transaction amount of RMB1.663 billion. The successful bidders were PowerChina Real Estate and Beijing Yinsheng Fanmei, respectively.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Residential Development, with intensity 50/100 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.