Chengdu Shuangliu Residential Plot Sells at 39.6% Premium

A near-40% premium after roughly 100 bidding rounds signals that developers are still willing to compete hard for prime residential land in Chengdu's Shuangliu district, even as broader Chinese property sentiment remains cautious. The intensity of the contest, rather than the headline price, is the notable part: it suggests land banks in well-connected urban submarkets are being treated as scarce. Whether this level of competition extends to other districts and cities, or stays concentrated in a handful of desirable sites, is the open question.