The fifth batch of land auction in Shanghai collected 21.257 billion yuan.

According to 21st Century Business Herald, with Luneng Real Estate winning the Caolu land in Pudong New Area for 21.004 billion yuan, the fifth batch of land auctions in Shanghai has successfully concluded. In this round of auctions, there were 6 land parcels offered with a total starting price of 19.25 billion yuan, and the final transaction amount reached 21.257 billion yuan. 5 out of the 6 parcels were sold at a premium, with the Caolu land parcel having a premium rate as high as 41.7%, making it the second land parcel in Shanghai since 2020 with a premium rate exceeding 40%, and also the land parcel with the highest premium rate since the beginning of concentrated land supply.