Shenzhen sold a residential land for 10.5 billion yuan, facing Tencent's "Penguin Island" across the sea.

105.1 billion yuan, Shenzhen gives birth to a billion-level residential land. According to the Shenzhen Municipal Planning and Natural Resources Bureau, on June 25, a parcel of commercial residential land in Bao'an District, Shenzhen New An Street, was successfully sold at a price of 105.1 billion yuan, with the winning bidder being Shenzhen Poly Industry Investment Co., Ltd. The land in Bao'an District, New An Street, A002-0113, is opposite to the Tencent headquarters new park "Penguin Island" across the sea, with a land area of 37,357.23 square meters, a total construction area of 119,535 square meters, including 104,600 square meters of residential area. The starting price of the land was 5.28 billion yuan, attracting top real estate companies such as China Resources & Merchants, China Overseas, Poly Development, and Jianfa to participate. After more than 350 rounds of intense bidding, the final transaction price was 105.1 billion yuan, with a comprehensive floor price of 87,900 yuan per square meter, a premium rate of 99.05%.