Guangzhou sold three residential-related parcels today with a combined starting price of 9.609 bln yuan. The standout was a Haizhu Pazhou South (Shiliugang Road) mixed residential-and-commercial plot (second-class residential), planned GFA 131,200 sqm, with a starting price of 6.056 bln yuan. Five bidders including Yuexiu & Poly, China Overseas and CHINA RES LAND competed; after 201 bidding rounds CHINA RES LAND prevailed at 8.056 bln yuan, implying a floor price of 61,423 yuan/sqm and a 33.02%

Guangzhou sold three residential-related parcels today with a combined starting price of 9.609 bln yuan. The standout was a Haizhu Pazhou South (Shiliugang Road) mixed residential-and-commercial plot (second-class residential), planned GFA 131,200 sqm, with a starting price of 6.056 bln yuan. Five bidders including Yuexiu & Poly, China Overseas and CHINA RES LAND competed; after 201 bidding rounds CHINA RES LAND prevailed at 8.056 bln yuan, implying a floor price of 61,423 yuan/sqm and a 33.02% premium. The成交 floor price ranks among Guangzhou’s top three for residential land transactions.