Five real estate companies fiercely battled for 168 rounds, and a residential land in Jing'an, Shanghai was transacted for 7.289 billion yuan.

Shanghai welcomes the fifth batch of land sales today, with a total starting price of 10.422 billion yuan for 5 residential land parcels. Among them, Jing'an District N070402 unit 081a-08 parcel attracted 5 real estate companies including Poly Development, China Overseas Land, Jianfa, China Merchants Shekou, and China Resources Land & Yuexiu Real Estate to participate in the bidding. After 168 rounds of bidding, Jianfa finally won the parcel with a bid of 7.289 billion yuan, with a transaction floor price of 81,665 yuan per square meter, a premium rate of 29.63%.