China Ocean Group won the bid for the land in East Suhuini, Jing'an District, Shanghai for 5.36 billion yuan, with a transaction price of over 90,000 yuan per square meter.

Shanghai welcomed its sixth batch of land auctions this year. In this batch, a total of 8 plots of land were sold, with a total construction area of 523,000 square meters and a starting price of 23.67 billion yuan. In the land auction held this morning, the East Swinley plot in Jing'an District went through 34 rounds of bidding, and was ultimately won by China Overseas Property for 5.363 billion yuan, with a transaction price of 90,390 yuan per square meter, a premium rate of 10.1%. Note: The plot C050202 Unit 053-b-1 in Jing'an District is the first residential land plot in the East Swinley area, with a land area of 16,809 square meters and a planned construction area of 59,337 square meters. The starting price of the plot was 4.871 billion yuan, and the starting floor price was 82,098 yuan per square meter.