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Shanghai Auctions Residential Plots
By Feng Jianmin |
June 4, 2011, Saturday
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Print Edition
Print Edition
TWO residential plots were auctioned yesterday for the first time in two months in Shanghai.
Shanghai Tongji Real Estate Co and the Architectural Design and Research Institute of Tongji University jointly won the bid for a plot of land in Baoshan District for 76.8 million yuan (US$11.85 million), 44.4 percent higher than the starting price. The floor price is 12,766 yuan per square meter. The other plot in Songjiang District was sold to a three-company group led by Shanghai New Huangpu Real Estate Co for 935 million yuan, 56.9 percent higher than the starting price. The floor price is 11,293 yuan per square meter.
Shanghai Tongji Real Estate Co and the Architectural Design and Research Institute of Tongji University jointly won the bid for a plot of land in Baoshan District for 76.8 million yuan (US$11.85 million), 44.4 percent higher than the starting price. The floor price is 12,766 yuan per square meter. The other plot in Songjiang District was sold to a three-company group led by Shanghai New Huangpu Real Estate Co for 935 million yuan, 56.9 percent higher than the starting price. The floor price is 11,293 yuan per square meter.
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