Ningbo Residential Land Auctions Yield Mixed Results: Premium and Reserve Price Sales
On September 21 and 24, 2024, Ningbo auctioned two residential land parcels. A Haishu District plot sold at its reserve price of 353 million yuan to a C&D and Huicheng Century consortium. A Zhenhai District plot sold after seven bids for 168 million yuan to Kaituo Blue City, achieving a 3.71% premium. Both transactions reflect stable demand in Ningbo's land market.
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Ningbo residential land parcel sold at 3.71% premium after 7 bids
On September 24, 2024, a residential land parcel in Zhenhai District, Ningbo, was sold at auction. The land, with a total area of 10,560 square meters (15.84 mu) and a planned floor area of 19,008 square meters, had a floor area ratio of 1.8. The starting price was 162 million yuan, with a starting floor price of 8,503 yuan per square meter. After seven rounds of bidding, the parcel was won by Kaituo Blue City (开投蓝城) for a total price of 168 million yuan, resulting in a transaction floor price of 8,819 yuan per square meter and a premium rate of 3.71%. The report was sourced from Securities Times and published by People's Financial Information on the same day.
Ningbo Residential Plot Sold at 3.71% Premium After 7 Bids
On September 24, a residential land plot in Zhenhai District, Ningbo, China, was sold at auction. The plot, covering 10,560 square meters (15.84 mu) with a planned floor area of 19,008 square meters and a floor area ratio of 1.8, had a starting price of 162 million yuan, equating to a starting floor price of 8,503 yuan per square meter. After seven rounds of bidding, the plot was won by Kaitou Blue City (开投蓝城) for a total price of 168 million yuan, resulting in a final floor price of 8,819 yuan per square meter. The transaction premium rate was 3.71%. The report, sourced from People's Financial Information and published by Stockstar Securities News, provides a straightforward account of the auction outcome without additional commentary or forecasts.
Read sourceNingbo Residential Land Sold at Reserve Price of 353 Million Yuan
On September 21, Ningbo city sold a residential land parcel in the Haishu district at the reserve price. The land has a total area of 25,072 square meters (37.61 mu), with a planned floor area of 40,115.2 square meters and a floor area ratio of 1.6. The starting price was 353 million yuan, with a starting floor price of 8,796 yuan per square meter. A consortium formed by C&D and Huicheng Century won the bid at the reserve price of 353 million yuan. The transaction reflects a stable land market in Ningbo with no premium paid above the starting price.
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Ningbo Residential Land Parcel Sold at Reserve Price of 353 Million Yuan
On September 21, a residential land parcel in Ningbo's Haishu District was sold at its reserve price. The land, covering 25,072 square meters (37.61 mu), has a planned floor area of 40,115.2 square meters and a floor area ratio of 1.6. The starting price was 353 million yuan, with a starting floor price of 8,796 yuan per square meter. A consortium of C&D and Huicheng Century won the bid at the reserve price of 353 million yuan. The transaction indicates stable demand for residential land in the area, with no premium paid above the initial asking price.
Read sourceNingbo Residential Land Sold at Reserve Price of 353 Million Yuan
On September 21, a residential land parcel in Ningbo's Haishu District was sold at its reserve price of 353 million yuan (approximately $48.5 million). The land, with a transfer area of 25,072 square meters (37.61 mu) and a planned floor area of 40,115.2 square meters, has a floor area ratio of 1.6. The starting price was 353 million yuan, corresponding to a starting floor price of 8,796 yuan per square meter. The winning bidder was a consortium formed by C&D Inc. (Jianfa) and Huicheng Century, which secured the plot at the base price. The information was sourced from Cailianshe.
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