Zhonghai Xincheng Wins Beijing Shijingshan Land at RMB 2.5 Billion Base Price
On August 12, three residential parcels were offered for sale in Beijing with a total starting price of RMB 12.273 billion. Among them, the Liuniangfu residential parcel in Shijingshan District has a planned floor area of 59,060 square meters, a plot ratio of 1.1, and a starting price of RMB 2.5 billion, corresponding to a starting floor price of RMB 42,330 per square meter. Ultimately, Zhonghai Xincheng won the parcel at the base price of RMB 2.5 billion, with a transaction floor price of RMB 42,330 per square meter.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Residential Development, with intensity 40/100 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.