Five residential land parcels in Shanghai were sold for 9.06 billion yuan.

On August 4, five residential land parcels were sold in the seventh batch of land auctions in Shanghai, covering a total land area of 117,334.55 square meters and a total planned construction area of 276,615.71 square meters, with a starting price of 8.339 billion yuan. They were ultimately won by the consortium of Qingshan Industry, China Merchants Shekou, China Travel Investment, Lianfa Group, China Resources Land, and Greentown, with a total transaction amount of 9.06 billion yuan.