Qingyuan Times Hongjing Investment Co., Ltd., at six o'clock in the evening on March 9, officially acquired a residential plot west of Wanda Plaza with RMB 910,100,000. The plot is classified as class-2 residential land, which is compatible with commercial land use. The bidding started at RMB 256,100,000, while the deal price stood at a premium of 255%.

The land encompasses an area of 68,840.5 square meters with a plot ratio of 3.61, and the price per square meter, in terms of floor area, amounts to RMB 3,662. The auction for the land plot was a 602-bid seesaw battle that lasted for more than three hours, and consequently the total deal price and price per floor area set a new record for Qingyuan.

The land encompasses an area of 68,840.5 square meters with a plot ratio of 3.61, and the price per square meter, in terms of floor area, amounts to RMB 3,662. The auction for the land plot was a 602-bid seesaw battle that lasted for more than three hours, and consequently the total deal price and price per floor area set a new record for Qingyuan.