A residential land parcel in Chongqing sells at a 28.85% premium

People’s Finance News, March 31, reported that on March 31, a residential land parcel in the Guanyinqiao sub-district of the Liangjiang New Area in Chongqing was auctioned. The land parcel covers 14,372.09㎡, with a planned total above-ground floor area of 43,116.27㎡, a plot ratio of 3.0, a starting bid of 466 million yuan, and an initial floor price of 10,800 yuan/㎡. The land parcel attracted 6 real estate developers to participate in the bidding. It was ultimately won by Bontai with a total price of 600 million yuan, representing a premium rate of 28.85%.

【Source: Securities Times Net】

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