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China Overseas Land & Investment Buys Shanghai Huangpu Mixed-Use Plot for RMB 3.888 Billion at Reserve Price
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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.
Source report
On September 21, two land parcels were auctioned in Shanghai's ninth batch of land sales.
Among them, a plot in Huangpu District is designated for ordinary commercial housing and commercial use. Key details are as follows:
- Land area: 8,544.05 square meters
- Planned gross floor area: 40,124.7 square meters
- Commercial portion: 10% (must be fully self-held by the winning bidder)
- Residential portion: 90%
- Starting price: 3.888 billion yuan
- Starting comprehensive floor price: 96,900 yuan per square meter
- Note: Excluding commercial floor area and 400 square meters of public service facilities, the actual starting residential floor price reached 108,750 yuan per square meter.
The plot was ultimately won by China Overseas (COHL) at the reserve price of 3.888 billion yuan.
Source
证券之星-股市直击Eastern
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