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Dongguan residential land transaction concludes at reserve price of 1.31 billion yuan
People’s Financial News, March 16 — On March 16, a residential land parcel in Dongguan was auctioned. The total land area is 35,186.88 square meters, with a total planned construction area of 87,967.2 square meters, and an initial price of 1.31 billion yuan. Ultimately, China Resources Land, in partnership with Dongguan Binhaiwan Investment, won the land at the starting price of 1.31 billion yuan, with a transaction floor price of 14,888 yuan per square meter.