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On September 27, the third round of concentrated soil auctions in Shanghai, which lasted for 3 days, came to an end. All the 35 residential land parcels sold in this round were sold, of which 24 were sold at the reserve price, a significant increase in the number compared with the second round of land auctions; 8 were entered into the “one-time quotation” stage when the suspension price was reached, and the number was less than the second round of land auctions . The total transaction value of these 35 parcels is 105.4 billion yuan, which is the most expensive round of land auctions this year; the average premium rate is 2.45%, which is lower than the second round of land auctions. Shanghai’s current round of land acquisition companies are still dominated by leading central enterprises, state-owned enterprises, local state-owned platforms and mixed-ownership enterprises, and most of them participate in the form of joint participation in the auction. (Securities Times)
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