TREE NEWS update: A low-density residential plot in Nanjing’s Yuhuatai district sold for 951 million yuan on Sept 30, a 15.55% premium over its 823 million yuan starting price. The 37,027 sq m site, with a floor area ratio of 1.2, drew 125 bids before Nanjing Anju Group won at a floor price of 21,403 yuan per sq m.
Nanjing Yuhuatai residential plot sells at 15.55% premium for 951M yuan
AI take
The premium and 125-bid contest for a low-density plot suggest land demand in this district remains competitive even as broader sentiment stays uneven. The winner, Nanjing Anju Group, is a state-linked developer, so the bid may reflect policy-aligned acquisition rather than pure market conviction. Whether such competition persists across other land auctions is the open question for reading the sector's direction.
Generated by AI for reference only.
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