Beijing Shunyi Land Plot Sold for RMB 8.299 Billion to China Resources Land
Beijing sold a residential-commercial land parcel in Shunyi District on September 3, marking the first land auction after the August 28 property policy adjustment. After 172 rounds of on-site bidding, China Resources Land won the plot for RMB 8.299 billion, with a floor price of RMB 40,640 per square meter and a premium rate of 17.37%.
On September 3, Beijing sold a residential-commercial land parcel in Shunyi District, marking the first land auction following the property policy adjustment announced on August 28. The planned gross floor area of the plot is 204,238.64 square meters, with a starting price of RMB 7.071 billion. Prior to the auction, two online bids had been received, with the highest reaching RMB 7.0781 billion. Two bidders participated in the on-site auction, which went through 172 rounds of bidding. Ultimately, China Resources Land secured the plot for RMB 8.299 billion, translating to a transaction floor price of RMB 40,640 per square meter and a premium rate of 17.37%.