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CHINA RES LAND Splashes RMB5.14B to Buy Residential Land in Hongkou, Shanghai w/ ~12% Premium: Report
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Shanghai held its seventh batch of land auctions today, releasing a total of 10 plots located in Baoshan District, Pudong New Area, Hongkou District, Yangpu District, Putuo District, Minhang District, and Qingpu District, Chinese media reported. The total starting price was RMB25.65 billion. One of the plots, a residential land in Hongkou District, was acquired by CHINA RES LAND (01109.HK) after two rounds of bidding for RMB5.136 billion, equivalent to a floor price of RMB92,934 per square meter with a premium rate of 11.97%. AAStocks Financial News |
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