A residential land in Longhua District of Shenzhen was transacted at a base price of 1.906 billion yuan.

On July 30th, a residential land in Longhua District of Shenzhen was put up for auction. The land area is 21,920.84 square meters, with a planned construction area of 67,950 square meters and a plot ratio of 3.1. The starting price was 1.906 billion yuan, with a starting floor price of 28,050 yuan per square meter. The land was eventually won by Shenzhen Shenye Xingpeng Investment Co., Ltd. (Shenye Group) at the base price of 1.906 billion yuan, with a final floor price of 28,050 yuan per square meter.