Last Friday (20th November, 2009), Shanghai Municipal Bureau of Urban Planning and Land Resources Administration launched the No.88 land offer of this year, listed among which is the attractive Plot C6 of New Jiangwan City. The land plot, designated for residential usage, covers a granted site area of approx. 114 thousand square meters with planned plot ratio of 1.0.
The initial bidding price of the low density residential plot is RMB1.72 billion with the unit floor price on aboveground GFA estimated at RMB17,000 per sq.m. Industry analysts believe that the transaction floor price shall surpass the regional record of RMB20,000 made by Yanlord Land Group in 2007.
--------Oriental Morning Post |
