A premium of 28.09% was added as China Railway Real Estate, in a joint venture, won the bidding for the Yangpu Riverside residential land for 2.736 billion yuan.

The seventh batch of land parcels in Shanghai entered the on-site bidding process. The N090601 unit I4-01 plot in Yangpu District attracted 9 bidders to participate in the auction. After 75 rounds of bidding, Jiangsu Runhao Real Estate Group Co., Ltd. + China Railway Real Estate Group Shanghai Co., Ltd. won the bid for the plot with a total price of 2.736 billion yuan, with a premium rate of 28.09%, and a transaction floor price of 92,225 yuan/square meters. According to analysis from GoodLand, since the loosening of residential price limits in the second half of last year, Yangpu has been one of the hottest areas in the real estate market, with several popular projects such as Yundi Jiuzhang and Haiyue Bund 98 having subscription rates exceeding 200%. GoodLand Research Institute Director Fang Xiaoquan also stated that this plot of land is not large, with a construction area of approximately 30,000 square meters, starting at 2.14 billion yuan and a controllable total price; it has a great location, close to the inner ring and Yangpu Bridge, and surrounded by high-end industries such as Meituan and Bilibili, as well as the development potential of the planned Quantum City in the revitalized island.