Five parcels of land in Linjiaba, Chengdu were sold at a base price of 4.344 billion yuan. The future selling price of new houses may reach 52,000 yuan per square meter.

The core area of Linjiaba TOD in Chengdu successfully auctioned 5 parcels today, totaling about 195 acres, with a total transaction price of 4.344 billion yuan. The winning bidder was a consortium formed by Chengdu Rail Transit Group and Jinjiang Tongjian. The 5 parcels of land were sold in a bundled manner, and potential bidders had to participate in the bidding for all parcels. The land is located in the core area of Linjiaba TOD, with multiple cost constraints including TOD development, commercial holding, construction of a 120-meter landmark building, and green space construction. Analysts from China Index Academy stated that, after deducting related development and holding costs, the actual selling price of residential buildings in the project has exceeded 26,500 yuan per square meter, approaching the historical "land king" level in the area. The future selling price of new houses in the project is expected to reach 52,000 yuan per square meter.