A piece of land in Shenzhen sold at a premium of 46.55%.

On June 19th, a residential land auction took place in Shenzhen. The land area for sale was 10,898.05 square meters, with a planned construction area of 27,200 square meters and a plot ratio of 2.5. The starting price was 827 million yuan, with a starting floor price of 30,404 yuan per square meter. Before the auction, 8 bidders had already made offers for the plot. After 65 rounds of bidding, the plot was finally won by the United Development Group for a total price of 1.212 billion yuan, at a transaction floor price of 44,559 yuan per square meter, with a premium rate of 46.55%.