HK Stock Market Move | CHINA RES LAND (01109) rose more than 3%, with a premium of over 12%, and won the residential land in Chongqing Jiangbei District.

CHINA RES LAND (01109) rose by over 3%, at the time of reporting, it increased by 3.12% to HK$23.15, with a turnover of HK$143 million. On the news front, according to market reports, two residential land parcels were recently auctioned within the urban area of Chongqing City. One in Jiangbei District and one in Jiulongpo District, with a total land area of 76,500 square meters and a total planned construction area of 143,600 square meters, with a total starting price of approximately 1.027 billion yuan. Both parcels were successfully auctioned, with a total sale price of 1.061 billion yuan. CHINA RES LAND won the bidding for the parcel in Jiangbei District at a premium, while Ivy Group won the parcel in Jiulongpo District at the base price. Information shows that the parcel in Jiangbei District, C01 Unit 05 Block 013, 015, located in the Dashiba area, has a construction area of 22,160 square meters, a planned construction area of 31,223.4 square meters, a plot ratio of 1.41, a building height limit of 40 meters, a starting price of 270 million yuan, and a starting floor price of 8,642 yuan per square meter. This parcel attracted 4 bidders for on-site bidding, and was eventually won by CHINA RES LAND at a total price of 304 million yuan, with a final floor price of 9,736 yuan per square meter.