Shanghai's four land auctions in the first half of the year netted a total of 6.7 billion yuan, with Poly Real Estate winning the bid for the Yangpu East Bund plot with a bid of 4.2 billion yuan.

This morning, the fourth batch of land auctions in Shanghai this year kicked off, with a total of 4 plots of land put up for auction, with a total starting price of about 8.4 billion yuan. In the morning session, the Yangpu and Songjiang plots were successively sold, with a total sales amount of about 6.7 billion yuan. Among them, Poly Real Estate won the Yangpu plot with a total price of 4.24063 billion yuan and a premium rate of 26.3%. The construction area of the plot is about 53,000 square meters, with a transaction floor price of about 8,020 yuan per square meter. At the same time, China Railway Construction won the Songjiang New City plot with 2.47082 billion yuan and a premium rate of 20.42%, with a transaction floor price of 2,528.8 yuan per square meter.