TREE NEWS update: A residential plot in Tianjin’s Zhongbei Town was sold on September 22 for 568 million yuan, the starting price, with no competitive bidding. The site covers 47,883 square meters (71.82 mu) with a planned floor area of 76,613 square meters and a floor area ratio of 1.6. Houtai Commerce and Trade Group won the land at a floor price of 7,414 yuan per square meter.
Tianjin residential plot sells at reserve price for 568M yuan
AI take
A residential land sale clearing at the reserve price with no competitive bidding is the quiet signal here, not the headline number. It points to a buyer pool narrow enough that a single state-linked firm effectively sets the floor, which matters for anyone tracking how Tianjin land revenue is being sustained. The open question is whether this pattern of floor-price awards becomes the norm in the city's upcoming plot releases.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
14m ago
Hong Kong Stocks Close: Hang Seng Up 0.18%, Tech Index Up 0.34%
16m ago
Wang Pan Becomes Party Secretary of Zhuhai Rural Commercial Bank
23m ago
LME stocks: lead down 3,025t, zinc down 2,125t, copper down 1,625t
25m ago
Turkish FM Calls on US to Rein In Israel
28m ago
UK Test-Fires Torpedo From Unmanned Submarine for First Time
31m ago
Ukraine Says It Struck Russia’s Kuibyshev Oil Refinery