[Land Price Breaks 100,000 Yuan Per Square Meter for the First Time, with a 150% Premium: Shenzhen's New "Land Price King" is Born] For the first time, the land price per square meter for residential land in Shenzhen has exceeded 100,000 yuan. On the afternoon of June 5th, the T204-0153 plot in Yuehai Street, Nanshan District, Shenzhen, was auctioned. The plot has a construction area of 14,116.04 square meters and a starting price of 2.302 billion yuan. It is understood that six leading state-owned enterprises—Poly Real Estate, China Resources Land, China Overseas Land & Investment, China Merchants Shekou, Jianfa Real Estate, and Yuexiu Property—participated in the auction. The bidding process was extremely close, with 291 rounds of bidding. Poly Real Estate ultimately won the plot for a total price of 5.772 billion yuan, a premium of 150.74%, equivalent to a land price of approximately 108,700 yuan per square meter. This price significantly surpasses the record of 84,200 yuan per square meter set by the Qianhai Guiwan plot in 2025, breaking the record for the highest land price per square meter for residential land in Shenzhen.
