Nanjing Sells 5 Residential Plots for 3.563 Billion Yuan

The near-total absence of competition — four of five sites clearing at the reserve price — points to a still-cautious developer base in Nanjing, with bidding appetite concentrated in a single Jiangning parcel rather than spread across the offering. The thin 4% premium on the one contested plot suggests selective demand for specific locations rather than a broad recovery in land sentiment. Whether that Jiangning-level interest shows up in future auctions, or remains an outlier against reserve-price outcomes elsewhere, is the open question worth tracking.