On July 8, a 105-mu (≈7.0 ha) residential-related plot in Nanchang High-tech
Zone (Qingshanhu) sold after nearly two hours of bidding to Jiangxi Chenhong
Real Estate, a subsidiary of Zhaochi Co., at 7.87 million yuan per mu. Total
consideration was about 830 million yuan, representing a 50.19% premium to the
reserve price.