Shanghai land auction raises 12.9 billion yuan; Pudong plot premium hits 29.65%
On September 21, Shanghai completed its ninth batch of centralized land auctions, selling three residential-commercial parcels for a total of 12.911 billion yuan (about $1.79 billion). The parcels covered 71,600 square meters with a planned floor area of 179,000 square meters. Two plots sold at a premium, with the highest premium rate reaching 29.65% for a Pudong plot won by CITIC Pacific after 143 rounds of bidding. A Jing'an plot went to a Xiangyu-C&D joint venture at a 5.48% premium, while a Huangpu plot was acquired by China Overseas Land & Investment at the reserve price.
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Shanghai Sells Three Residential Plots for 12.9 Billion Yuan, Highest Premium at 29.65%
On September 21, Shanghai successfully auctioned three residential land plots in its ninth batch of centralized land supply, with a total transaction amount of 12.911 billion yuan (approximately $1.79 billion). The three plots covered a total area of 71,600 square meters, with a total planned floor area of 179,000 square meters. Two of the plots were sold at a premium, with the highest premium rate reaching 29.65%. The auction results indicate continued demand for residential land in Shanghai despite broader market conditions.
Read sourceShanghai Sells Three Residential Land Parcels for 12.9 Billion Yuan, Highest Premium at 29.65%
On September 21, Shanghai successfully auctioned three residential land parcels in its ninth batch of centralized land sales, according to a report by Jin10 Data citing The Paper. The total transaction amount reached 12.911 billion yuan (approximately $1.79 billion). The three parcels covered a total land area of 71,600 square meters, with a total planned floor area of 179,000 square meters. Two of the parcels were sold at a premium, with the highest premium rate reaching 29.65%. The report did not specify the winning developers or the exact locations of the parcels. The auction results indicate continued demand for residential land in Shanghai despite broader market conditions.
Read sourceShanghai Land Auction: Xiangyu and C&D Joint Venture Wins Jing'an Plot for 7.05 Billion Yuan
On September 21, Shanghai held its ninth batch of land auctions, offering three plots for sale. Among them, a residential plot in Jing'an District, with a land area of 42,200.07 square meters and a planned floor area of 101,280.17 square meters, had a floor area ratio of 2.4. The starting price was 6.684 billion yuan, with a starting floor price of 66,000 yuan per square meter. Two bidders participated in the on-site auction. After 78 rounds of bidding, a joint venture between Xiangyu and C&D Real Estate won the plot with a total price of 7.05 billion yuan, achieving a transaction floor price of 69,614 yuan per square meter and a premium rate of 5.48%. The information was reported by Securities Times.
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Shanghai Sells Three Residential Land Parcels for 12.911 Billion Yuan
On September 21, Shanghai's ninth batch of land auctions concluded with three residential-commercial parcels sold for a total of approximately 12.911 billion yuan. In Pudong district, a plot attracted five bidders and went through 143 rounds of bidding before being won by CITIC Pacific for 1.972 billion yuan, with a floor price of 52,416 yuan per square meter and a premium rate of 29.65%. In Jing'an district, two bidders competed over 78 rounds, with a consortium of Xiamen Xiangyu and C&D Real Estate winning the plot for 7.05 billion yuan, at a floor price of 69,614 yuan per square meter and a premium rate of 5.48%. In Huangpu district, a mixed-use parcel was acquired by China Overseas Land & Investment at the reserve price of 3.888 billion yuan, with a floor price of 96,900 yuan per square meter.
Read sourceShanghai Land Auction Cools: Huangpu District Plot Sold at Reserve Price After 12 Years
Shanghai's ninth batch of land auctions in 2024 saw three residential-commercial plots sold for a total of 12.911 billion yuan on September 21. The most notable transaction was a Huangpu district plot near Laoximen, sold at its reserve price of 3.888 billion yuan to state-owned developer CSCEC (China State Construction Engineering Corp) after a 12-year hiatus in public land sales in the core district. The plot's residential portion has an implied floor price of about 108,000 yuan per square meter, below recent comparable transactions. Analysts from China Index Academy and Savills attributed the subdued bidding to the impact of China's August 28 property新政 (new policy), which requires developers to factor in the cost of selling completed homes (现房销售) into their bids, extending capital lock-up periods to up to three years. This has deterred all but the largest state-owned enterprises. In contrast, two other plots in Pudong's Jinqiao and Jing'an's Daning areas saw premium rates of 29.65% and 5.48% respectively, though analysts noted that even these premiums reflect cautious investment behavior focused on risk control and turnover efficiency rather than scale expansion.
Read sourceShanghai Jing'an Residential Land Sold for 7.05 Billion Yuan at Premium
On September 21, Shanghai's ninth batch of land auctions saw three plots offered for sale. Among them, a residential plot in Jing'an District, covering 42,200.07 square meters with a planned floor area of 101,280.17 square meters and a floor area ratio of 2.4, attracted two bidders. After 78 rounds of bidding, a consortium of Xiamen Xiangyu and C&D Real Estate won the plot for a total of 7.05 billion yuan, with a transaction floor price of 69,614 yuan per square meter. The starting price was 6.684 billion yuan, with a starting floor price of 66,000 yuan per square meter, resulting in a premium rate of 5.48%. The information was sourced from Cailianshe.
Read sourceXiangyu-C&D Joint Venture Wins Shanghai Jing'an Plot with 5.48% Premium
On September 21, the ninth batch of Shanghai's 2026 land auctions took place. In the morning session, a joint venture between Xiamen Xiangyu Group and C&D Real Estate won the Jing'an District plot N070302 unit 117a-09 for 7.05049 billion yuan, a premium of approximately 5.48% above the starting price. Separately, China Overseas Land & Investment (COLI) acquired the Huangpu District plot C010302 unit 271A-03 at the reserve price of about 3.88807 billion yuan. The information was reported by Shanghai Securities News, a state-affiliated financial media outlet, citing on-site auction results.
Read sourceShanghai Sells Three Residential Land Parcels for 12.9 Billion Yuan, Premium Hits 29.65%
On September 21, Shanghai successfully auctioned three residential land parcels in its ninth batch of centralized land sales, generating a total transaction amount of 12.911 billion yuan (approximately $1.8 billion). The parcels covered a total area of 71,600 square meters, with a total planned floor area of 179,000 square meters. Two of the three parcels were sold at a premium, with the highest premium rate reaching 29.65%. The report, sourced from The Paper and published by stockstar_stock_live, indicates continued demand in Shanghai's residential land market despite broader economic conditions.
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