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A residential land parcel was listed in Shenzhen with an initial price of 7.05B yuan.
Recently, Shenzhen has auctioned a residential land parcel, located in Longgang District, Longcheng Subdistrict. The land area is 169,734.85㎡, with a planned total above-ground floor area of 476,800㎡, a floor area ratio of 3.26, and a land use type of Class II residential use, commercial use, and urban road use. The starting price is 7.05B yuan, the starting floor price is 14,776 yuan/㎡, and the land auction is scheduled for May 6. (Securities Times)