Residential Land in Sanlin Town, Pudong, Shanghai Sold for 7.87 Billion Yuan

[Residential Land in Sanlin Town, Pudong, Shanghai Sold at 7.87 Billion Yuan Stopping Price] The seventh batch of 10 plots in Shanghai entered the on-site bidding stage. Plot 20B-12 in Unit Z000602 of Pudong New Area attracted five bidders. After 192 rounds of bidding, it reached the stopping price of 7.8759 billion yuan and moved to the "high-grade construction" index stage.

In the end, a consortium consisting of China Energy Construction Urban Investment Development Co., Ltd., Hangzhou Yile Industrial Investment Co., Ltd. under Yuexiu Property, and Shanghai Xuzhen Enterprise Management Co., Ltd. under China Resources Land won the bid with a total price of 7.8969 billion yuan, an implementation standard for residential decoration of 5,000 yuan/m², 300 m² of public service facilities, and a 2% allocation for high-end talent housing. The transaction floor price was 74,426 yuan/m², with a premium rate of 40.37%.