Nanjing Runwanxiang Real Estate Development, a CHINA RES LAND unit, paid 1.119
bln yuan for a 53,799.20 sqm (≈80.7 mu) urban residential site in Zhengzhou
High‑tech Zone, located north of Fengyang Street and west of Xuesong Road near
Zhengzhou University and Zhengzhou Foreign Languages School. The plot carried a
691 mln yuan reserve price, implying a 61.97% premium and an achieved land price
of roughly 20,800 yuan/sqm.