China Financial Daily

China New Land King was born in Guangzhou, Guangzhou Asian Games City land was auctioned at 25.5 billion
News on December 22: “Land of the Guangzhou Asian Games City” was auctioned at 3 pm today, after raising cards for 44 times, and the joint team, consisting of Fuli, Yajvre and Biguiyuan, won the land by 25.5 billion yuan, which created a new record in China.

Previously, experts believed that the property market due to the recent regulatory policies are rolled out, the city is expected to host the Asian Games final transaction price is not more than 20 billion yuan.

Guangzhou Asian Games City block up to 16.5 billion auction reserve price, so a joint bid to become a major part of the land. These include insurance benefits, Vanke, China Ocean consortium consisting of state-owned enterprises,joint team, consisting of Fuli, Yajvre and Biguiyuan, while state-owned enterprises chiefs, CITIC property is single-handedly to attend the meeting.

It is learned that the land covers an area of up to 2.63952 million square meters, with a total construction area of 4.38 million square meters, commercial building area of 207.6 thousand square meters, an area of 3.8488 million square meters of residential buildings.

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