Shanghai's Ninth Land Auction in 2026 Raises 12.9 Billion Yuan, Developers Cautious
On September 21, Shanghai concluded its ninth batch of residential land auctions for 2026, selling three parcels in Pudong Jinqiao, Huangpu Laoximen, and Jing'an Daning for a total of approximately 12.91 billion yuan. CITIC Pacific won the Pudong Jinqiao plot after 143 rounds for 1.97 billion yuan (29.65% premium). A Xiangyu and C&D joint venture secured the Jing'an Daning plot for 7.05 billion yuan (5.48% premium) after 78 rounds. China Overseas Land & Investment took the Huangpu Laoximen plot at the reserve price of 3.89 billion yuan. According to China Index Academy analyst Zhang Wenjing, developers have become more cautious following the "August 28 New Deal," now factoring cash-sale capital costs into land acquisition budgets.
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Shanghai Land Auction Raises 12.9 Billion Yuan; China Overseas Land Wins Two Sites in One Month
Shanghai's ninth batch of residential land auctions concluded on September 21, with three prime-location plots selling for a total of approximately 12.9 billion yuan. China Overseas Land (中海) acquired a plot in Huangpu District's Laoximen area at the reserve price of 3.888 billion yuan, with a floor price of about 96,900 yuan per square meter. This marks the developer's second land acquisition in Shanghai within a month following the '828 New Deal' policy, after it won a 15.019 billion yuan plot in Putuo District in late August. A joint venture of Xiamen Xiangyu and C&D Real Estate won the Jing'an District Daming plot for about 7.05 billion yuan, a 5.48% premium. CITIC Pacific won the Pudong Jinqiao plot for about 1.972 billion yuan, a 29.65% premium, the highest of the session. Analysts from China Index Academy and Shanghai Zhongyuan Real Estate noted that developers are generally cautious post-828 New Deal, incorporating cash-sale costs into land pricing. They expect land acquisition willingness to recover gradually as supporting policies roll out, but with greater emphasis on risk control and turnover efficiency rather than pure scale expansion.
Read sourceShanghai Land Auction: Three Core Parcels Sold for 12.91 Billion Yuan, Cash-Sale Rules Reshape Cost Calculations
On September 21, Shanghai held its ninth batch of land auctions in 2026, selling three parcels in the Pudong Jinqiao, Huangpu Laoximen, and Jing'an Daning areas for a total of 12.91 billion yuan, against a starting price of 12.09 billion yuan. The parcels cover 7.16 hectares with a total floor area of about 179,000 square meters. CITIC Pacific won the Pudong Jinqiao plot after 143 rounds of bidding for 1.97 billion yuan (29.65% premium). A joint venture of Xiangyu and C&D Real Estate won the Jing'an Daning plot for 7.05 billion yuan (5.48% premium) after 78 rounds. China Overseas Land & Investment took the Huangpu Laoximen plot at the starting price of 3.89 billion yuan. The Huangpu plot includes 10% commercial space that must be fully self-held by the developer. According to Zhang Wenjing, Shanghai data general manager at the China Index Academy, developer attitudes have become more cautious following the '828 New Deal,' as they now factor cash-sale capital costs into land acquisition budgets. The low-price, low-FAR Pudong Jinqiao plot attracted the most interest from five bidders. The analysis suggests that in the short term, market expectations are being recalibrated, but in the medium to long term, developer willingness to acquire land may recover as supporting policies for cash-sale housing are implemented and financing conditions improve, though the focus will shift toward risk control and turnover efficiency rather than pure scale expansion.
Shanghai's Ninth Land Auction in 2026 Concludes with Total Transaction Amount of About 12.9 Billion Yuan
Shanghai's ninth batch of residential land auctions for 2026 has concluded, with a total transaction amount of approximately 12.9 billion yuan. Three plots were offered in this round. The Pudong Jinqiao plot was won by CITIC Pacific for about 1.972 billion yuan, achieving a premium rate of 29.65%. Zhang Wenjing, Shanghai Data General Manager at the China Index Academy, commented that compared to batches before the 'August 28 policy adjustment,' developers have become more cautious in land acquisition. They are reserving pricing and profit margins for the presale phase, and considering factors such as financial pressure and development cycles. As a result, the low-total-price, low-floor-area-ratio Pudong Jinqiao plot attracted more market attention in this round.
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Shanghai's Ninth Land Auction in 2026 Concludes with Total Transaction Amount of About 12.9 Billion Yuan
Shanghai's ninth batch of residential land auctions for 2026 concluded on September 21, with three plots sold for a total of approximately 12.9 billion yuan. The Pudong Jinqiao plot was won by CITIC Pacific for about 1.972 billion yuan, achieving a premium rate of 29.65%. Zhang Wenjing, Shanghai Data General Manager at the China Index Academy, commented that compared to batches before the 'August 28 New Deal,' developers have become more cautious in bidding, reserving pricing and profit margins for the presale phase. Considering factors such as financial pressure and development cycles, the low-total-price, low-floor-area-ratio Pudong Jinqiao plot attracted more market attention in this round.
Read sourceXiangyu and C&D Win Shanghai Jing'an Land Plot for 7.05 Billion Yuan After 78 Bidding Rounds
On September 21, Shanghai held its ninth batch of land auctions, offering three plots in Pudong Jinqiao, Huangpu Laoximen, and Jing'an Daning, with a total area of 7.16 hectares and a starting price of 12.09 billion yuan. The Jing'an District plot (N070302 Unit 117a-09), designated for ordinary commercial housing, attracted 78 rounds of bidding. It was ultimately won by a joint venture between Xiangyu and C&D (Jianfa) for 7.05 billion yuan, with a transaction floor price of 69,614 yuan per square meter and a premium rate of 5.48%. The plot covers 4.22 hectares with a floor area ratio of 2.4, yielding a total floor area of about 101,300 square meters. Its starting price was approximately 6.684 billion yuan, with a starting floor price of about 66,000 yuan per square meter. The article is sourced from Guandian and compiled from public information, and does not constitute investment advice.
Read sourceShanghai Huangpu District Residential-Commercial Land Sold at Reserve Price of 3.888 Billion Yuan
On September 21, Shanghai held its ninth batch of land auctions, offering two plots. One plot in Huangpu District, designated for ordinary commercial housing and commercial use, was sold at its reserve price of 3.888 billion yuan (approximately $540 million). The plot covers 8,544.05 square meters with a planned floor area of 40,124.7 square meters, of which 10% is commercial space (to be fully self-held by the winner) and 90% is residential. The starting comprehensive floor price was 96,900 yuan per square meter, but after excluding commercial and public service areas, the actual starting residential floor price reached 108,750 yuan per square meter. China Overseas Land & Investment (中海) acquired the plot at the reserve price.
Shanghai's Ninth Land Auction of 2026 Raises 12.9 Billion Yuan; Developers Cautious After Policy Change
On September 21, Shanghai concluded its ninth batch of residential land auctions for 2026, offering three plots with a total transaction value of approximately 12.9 billion yuan. The Pudong Jinqiao plot was won by CITIC Pacific for about 1.972 billion yuan, reflecting a premium rate of 29.65%. Zhang Wenjing, Shanghai Data General Manager at China Index Academy, commented that compared to batches before the 'August 28 New Policy,' developers have become more cautious in bidding, reserving pricing and profit margins for the presale phase. Considering financial pressures and development cycles, the low-total-price, low-floor-area-ratio Pudong Jinqiao plot attracted the most market attention.
Read sourceShanghai Sells Three Residential Land Parcels for 12.9 Billion Yuan in Auction
On September 21, Shanghai held its ninth batch of land auctions, selling three residential and commercial-residential parcels for a total of approximately 12.911 billion yuan. In the Pudong district, a residential 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, a residential plot drew two bidders and was won by a consortium of Xiamen Xiangyu and C&D after 78 rounds, 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 won 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. The report is sourced from Securities Times and published by People's Financial Information.
Read sourceShanghai's Ninth Land Auction in 2026 Raises 12.9 Billion Yuan, Developers Cautious
On September 21, Shanghai concluded its ninth batch of residential land sales for 2026, offering three plots with a total transaction value of approximately 12.9 billion yuan (about 129 billion yuan). The Pudong Jinqiao plot was won by CITIC Pacific for about 1.972 billion yuan, reflecting a premium rate of 29.65%. Zhang Wenjing, Shanghai data general manager of the China Index Academy, commented that compared to batches before the 'August 28 New Policy,' developers' bidding attitudes have become more cautious. They are reserving pricing and profit margins for the presale stage, and considering factors such as financial pressure and development cycles, the low-total-price, low-floor-area-ratio Pudong Jinqiao plot attracted more market attention.
Read sourceShanghai Jing'an Residential Land Auctioned for 7.05 Billion Yuan at 5.48% Premium
On September 21, Shanghai held its ninth batch of land auctions, offering three plots. 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 (floor area ratio 2.4), had a starting price of 6.684 billion yuan (starting floor price 66,000 yuan per square meter). Two bidders participated in the live auction. After 78 rounds of bidding, a consortium of Xiangyu and Jiande won the plot with a total price of 7.05 billion yuan, resulting in a transaction floor price of 69,614 yuan per square meter and a premium rate of 5.48%.
Read sourceShanghai's Ninth Land Auction in 2026 Raises 12.9 Billion Yuan, Developers Cautious
Shanghai's ninth batch of residential land auctions in 2026 has concluded, with three plots offered and a total transaction amount of approximately 12.9 billion yuan. According to Zhang Wenjing, Shanghai Data General Manager of the China Index Academy, compared to batches before the 'August 28 New Policy,' developers' bidding attitudes have become more cautious, reserving pricing and profit margins for the presale housing phase. Considering factors such as financial pressure and development cycles, the Pudong Jinqiao plot attracted more market attention. The report was sourced from Cailianshe and published on East Money's industry economy channel.
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