Real estate market
Written by: Lin Leqian
2020-07-03 16:22
Date of last update: 2020-07-03 16:22The Foshan Songtou Road Industrial Land was closed this afternoon. It was the largest industrial land launched by the government in recent years. The project received at least 7 bids, including Cheung Kong (1113), Huazhi (0127) and Huamao, and Youyi Beijing, Xinzhi (0083), Capital Strategy (0497) and Asia Standard (0129) bid for a joint venture consortium.
The site is located at the junction of Songtou Road and Guidi Street, adjacent to Fo Tan Station, and is designated as a warehouse, research center, showroom, recycling center, etc. The site area is nearly 98,800 square feet, and the highest buildable floor area is 938,000 square feet. The highest valuation in the industry is about 3.2 billion yuan, and the highest floor price per square foot is expected to be 3,500 yuan.
Next quarter, the government will launch 2 residential sites with a total of 160 Central Business District Kings bidding with double envelopes
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Land tender
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