Shanghai's fifth batch of land auctions conclude: "Star plots" premium rate of 41.68%, suburban areas equally favored.

On June 20, with the successful bid of the Caolu Science and Education Park in Pudong New Area by the Greenland Group, the fifth batch of land auctions in Shanghai this year concluded smoothly. This Shanghai land auction presented many highlights: not only were core area plots popular, but also plots in the outskirts were favored by real estate companies; Poly Developments not only made moves in Minhang and Yangpu consecutively, but also "assisted" in the sales of projects by winning the new "land king" in Yangpu in a headline-grabbing manner; and the Caolu Science and Education Park in Pudong New Area finally made its appearance, becoming the well-deserved "star plot" of this Shanghai land auction with a high premium rate of 41.68%.