In Wenzhou, a residential plot of land was sold at nearly 80% above its reserve price.

On May 8th, a piece of land in Wenzhou was auctioned, with a land area of 8160.24 square meters, a planned construction area of 19721 square meters, a plot ratio of 2.42, a starting price of 61 million yuan, and a starting floor price of 3117 yuan per square meter. After 90 rounds of bidding, Rui'an Zhongrui Real Estate Group Co., Ltd. finally won the bid for the land with a total price of 110 million yuan, with a transaction floor price of 5602 yuan per square meter, and a premium rate of nearly 80%.