The real estate division of Shandong Gold Group has purchased a 3.1 billion plot of land in Shanghai, making it the new land king. The sale price is over 50,000 yuan per sqm. However, the new pricing scheme is in effect (in accordance with regulators' wishes) where instead of competing on price, above a certain level the competition switches to affordable housing and public facilities. As a result, Shandong Gold's real estate division effectively paid 92,506 yuan/ sqm of undeveloped land, and the final cost will rise well above 100,000 yuan/ sqm once construction costs are included.
July 29, after a 8.8 billion won gold two days during the year the total price of the king of Shanghai, Yangpu New Jiangwan Town N091101 unit A4-01 (B3) Lot has also entered into the auction site links. After the final competition for more than an hour of intense, financial letter to total 3.155 billion yuan won the first prize.Caijing: 融信“大战”山东黄金 31亿夺下上海新江湾城地王
After calculation, the land auction floor price of 52,840 yuan / square meter, a premium rate of 51%. Excluding public facilities, affordable housing and self-sustaining part of salable part of the actual floor price of 92,506 yuan / square meter, future guaranteed price will be 10 million or more, a new Jiangwan City budding unit to the king.