Lianfa Group won the bid for the fifth batch of Shanghai land auctions in Pudong this year with a premium of approximately 41.68%.

On June 20, the fifth batch of land auctions in Shanghai entered the second day of bidding. In the morning, the unit C1A-3 and C1A-7 plots in the Caolu Science and Education Park in Pudong New Area were auctioned. Sunac China Holdings won the bid for the land parcel with a bid of 21.004 billion yuan, with a premium rate of approximately 41.68%.