The land auction in Guangzhou has brought in 5.06 billion yuan, and Xiamen Guomao Real Estate has acquired land in Baieetan.

According to the China Land Survey Institute, on September 2nd, Guangzhou successfully auctioned a plot of land in Liwan District, with a total income of 506 million yuan. The plot is located in the Bai'etan area, with a land area of 7840.89 square meters and a planned construction area of 23522.67 square meters. The plot is zoned for residential use, with a plot ratio of 3.00. The starting price was 506 million yuan, and the starting floor price was 21,500 yuan per square meter. In the end, Guangzhou Guomao Real Estate Co., Ltd. won the bid for the land with a total price of 506 million yuan, at a final floor price of 21,500 yuan per square meter, with a premium rate of 0%.