A residential land in Dongguan was sold at a minimum price of 1.31 billion yuan.

On March 16, in Dongguan, a residential land sale involved a total land area of 35,186.88 square meters, a total planned construction area of 87,967.2 square meters, and a total starting price of 1.31 billion yuan. Eventually, China Resources Land and Dongguan Binhai Bay Investment Development jointly won the bid for the land parcel at the minimum price of 1.31 billion yuan, with a transaction floor price of 14,888 yuan per square meter.