One case in Guangzhou involving residential land with a premium of 17.32% was completed.

On July 24th, a residential land in the Baigetan area of Liwan District, Guangzhou was auctioned off. The land attracted 2 bidders to participate in the bidding process. After 10 rounds of bidding, Guangzhou Baojia Real Estate Development Co., Ltd. finally won the bid with a total price of 609 million yuan, at a transaction floor price of 24,638 yuan per square meter, with a premium rate of 17.32%.