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Shenzhen sold a prime residential plot in Bao'an central district with planned gross floor area of 119,500 sq m. The lot carried a starting price of 5.28 bln yuan. After 355 bidding rounds, Poly Developments won the site for 10.51 bln yuan, implying

2026-06-25

Shenzhen sold a prime residential plot in Bao'an central district with planned gross floor area of 119,500 sq m. The lot carried a starting price of 5.28 bln yuan. After 355 bidding rounds, Poly Developments won the site for 10.51 bln yuan, implying a floor price of 87,924 yuan/sq m and a premium of 99.05%. Other bidders included China Resources Land with China Merchants Shekou, Jianfa and China Overseas.

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