Pearl River Industry secured residential land in Guangzhou at a base price of 1.331 billion yuan.

On December 3, a piece of land in Liwan District, Guangzhou was put up for sale. The land area for sale is 17575.04 square meters, with a planned construction area of 52745 square meters and a plot ratio of 3.0. The starting price was 1.331 billion yuan, with a starting floor price of 25,231 yuan per square meter. The land was ultimately won by Guangzhou Juguan Investment Development Co., Ltd. at the base price of 1.331 billion yuan, with a final floor price of 25,231 yuan per square meter.