Tianjian Real Estate wins a residential land parcel in Minzhi Street, Longhua, Shenzhen, with a bid of 1.38 billion yuan, at a premium rate of 40.18%

A high-premium land parcel was sold in Shenzhen today.
The land is located on the west side of Huazhong Road, Minzhi Street, Longhua District, with a planned construction area of 44,460 square meters, starting bid of 983 million yuan, and an initial floor price of 22,110 yuan per square meter.
The parcel attracted four bidders to participate in the auction, and ultimately, after 60 rounds of bidding (56 rounds offline), Shenzhen Tianzhi Real Estate Co., Ltd. won the land at a price of 1.38B yuan, with a transaction floor price of 30,994 yuan per square meter, a premium rate of 40.18%.
(Concord Finance)

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