Premium 12.79%, Shanghai Urban Construction won the bid for the Shanghai Putuo Zhenru residential land with 5.24 billion yuan, and the floor price is 7.93 thousand yuan per square meter.

According to The Paper, on September 4th, the seventh batch of land parcels to be auctioned in Shanghai entered the on-site bidding stage. The auction for the seventh batch of land parcels in Shanghai officially began on September 4th, with a total of five land parcels containing 9 sub-parcels, with a total land area of 1.39 million square meters, a planned construction area of 2.3715 million square meters, and a total starting price of 9.867 billion yuan. Among them, the W060401 Unit A03B-04 and A03B-05 parcels in Putuo District attracted three bidders to participate in the bidding. After 68 rounds of bidding, Shanghai Construction Investment Group's Shanghai Construction Development Co., Ltd. and Shanghai Ruiteng International Property Co., Ltd. won the bid for the parcel at a total price of 5.24 billion yuan, without reaching the termination price, with a premium rate of 12.79%, and a transaction floor price of 79,327 yuan per square meter.