The land parcel in Tang Town, Pudong, Shanghai, was sold for 1.58 billion yuan: a premium rate of 28.5%, with a floor price exceeding 48,000 yuan per square meter.

On August 4th, the seventh batch of land parcels concentrated for sale in Shanghai entered the on-site bidding phase. Among them, the C-02E-01 parcel in the PDP0-0405 unit located in the Tang Town area of Shanghai's Pudong New District attracted four bidders. After 47 rounds of bidding, a consortium formed by Hangzhou Litu Real Estate Development Co., Ltd., a subsidiary of China Tourism Group Co., Ltd., and Shanghai Hongrun Real Estate Co., Ltd., a subsidiary of China Merchants Shekou Industrial Zone Holdings Co., Ltd., won the parcel with a total price of 1.58 billion yuan, without reaching the reserve price of 1.722 billion yuan. The floor price for the parcel was 48,114 yuan per square meter, with a premium rate of 28.45%.