A residential land in Guangzhou was sold at a minimum price of 675 million yuan.

On June 22nd, a residential land in Huadu District, Guangzhou was auctioned off, with a planned construction area of 89,252 square meters. The starting price was 675 million yuan, and the starting floor price was 7,560 yuan per square meter. In the end, Poly Developments won the bid for the land at the base price of 675 million yuan.