A residential land transaction in Beijing was completed at a minimum price of 1.688 billion yuan.

On March 20th, a residential land sale in Changping District, Beijing took place, with a land area of 69,581.74 square meters and a planned construction area of 69,269.56 square meters. The starting price was 1.688 billion yuan. In the end, Mingjia Real Estate won the bid for the land at the minimum price of 1.688 billion yuan, with a transaction floor price of 24,369 yuan per square meter.