A 10-billion-yuan land parcel was auctioned in Guangzhou after the implementation of the new real estate

Published: Sep 12, 2023 20:32

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Two residential plots of land in Guangzhou entered the lottery process on September 11 and were finally sold for about 13.87 billion yuan. This is the first land auction in Guangzhou after the implementation of the new policy of “easing mortgage rules for first-time home buyers” and developers are quite enthusiastic. "A month ago, when this land was first listed, many developers reported that the total price was too high and they were not sure whether they would participate." An industry insider told reporters that he did not expect so many real estate companies to sign up.

Macro economy

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