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Foshan Residential Land Parcel Sells at Reserve Price of 640 Million Yuan
People’s Financial News, March 16 — On March 16, a core residential land parcel in Qiandeng Lake, Foshan, was auctioned. The land area is 72,518.75 square meters, with a planned construction area of 143,500 square meters, a floor area ratio of 1.98, starting bid of 640 million yuan, and an initial floor price of 4,460 yuan per square meter. Ultimately, the Nanhai Lianda, Xinhua Chang Investment Group, and Guicheng Investment Development Consortium won the land at the starting price of 640 million yuan, with a transaction floor price of 4,460 yuan per square meter.