June 12 — A small residential-included parcel in Lixia District, Jinan, with
planned gross floor area 26,242.10 sq m and floor area ratio 2.9, was listed
with a starting price of 310 mln yuan (starting floor price 11,812 yuan/sq m).
After 39 bidding rounds Greentown acquired the site for 386 mln yuan, implying a
final floor price of 14,708 yuan/sq m and a 24.52% premium.