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China Overseas Reportedly Spends RMB3B+ to Win Residential & Commercial Site in Longgang, SZ w/ 70% Premium Rate
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The first residential land in Shenzhen in 2025 was successfully sold today (16th), as reported by Chinese media. After 246 rounds of fierce bidding, CNOOC Enterprise Development Group won the commercial and residential land in Longgang District, Shenzhen at a total price of RMB3.065 billion. The site was sold at a transaction floor price of RMB29,611 per sq.m., representing a premium rate of 70.37% over the starting price of RMB1.799 billion. The site area is 20,838.77 sq.m., with a planned gross floor area of 103,500 sq.m. and a plot ratio of 4.97. AAStocks Financial News |
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