On February 8th, land auctions were held in multiple cities including Zhengzhou, Beijing, and Qingdao. There are two residential land transfers in Zhengzhou, one of which went through nearly six hours of intense bidding and was ultimately won by Zhonghai Real Estate for 1.089 billion yuan, with a transaction floor price of 13713 yuan/square meter and a premium rate of 87.5%. This is also the highest premium rate for residential land transactions in Zhengzhou since 2021.
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