A plot of land in Laoshan District, Qingdao, was sold after 197 rounds of bidding, with a premium rate of 17.8%.

On July 8th, Qingdao welcomed the sale of 2 residential land plots located in Laoshan District and Licang District, with a total revenue of 1.519 billion yuan. The land plot located in Wangjia Village, Laoshan District, was sold after 197 rounds of bidding. According to the information on the land plot sale, the plot is located in Laoshan District, north of Meiling East Road and west of Yinchuan East Road, LS0301-17 plot, with a land area of 28 acres, a plot ratio of 2.0, a starting bid floor price of 22,500 yuan per square meter, and a starting bid total price of 839 million yuan. According to the monitoring information of Zhongzhi Research Institute, the land plot attracted 4 bidders including Hisense, Junyi Holdings, and China Resources Land, and after nearly 5 hours and 197 rounds of bidding, it was finally won by Qingdao Haifu Real Estate Development Co., Ltd., with a bid floor price of 26,500 yuan per square meter and a total transaction price of approximately 989 million yuan, with a premium rate of 17.8%.