No real estate companies signed up! A "billion-dollar plot" in Shenzhen was cancelled 48 hours before the auction.

According to real estate news from China, the auction of the A2-60 plot in Baoan Xin'an Street, Shenzhen, was suddenly halted 48 hours before it was scheduled to begin, attracting attention from the market. The original starting price for the plot was 8.627 billion yuan, with plans for it to be developed into a cultural and tourism commercial and residential complex in the future. However, due to its large size and high commercial ratio, no one ended up bidding for it. Analysts believe that developers are taking a wait-and-see attitude towards plots with high commercial ratios in the current market environment, and Shenzhen has recently adjusted several plots to residential land to adapt to market changes. It is expected that the plot may be adjusted for its commercial ratio and put up for auction again in the future to attract more developers.