PDH(SH:600048) Guan Cha Zhe Wang·2025-06-19 09:36Group 1 - The Shanghai land auction for five batches commenced on June 19, 2023, with a total of 6 residential land plots covering an area of 314,000 square meters and a total construction area of 700,000 square meters, with a starting price of 19.25 billion yuan [1] - The auction on the first day successfully sold 5 plots, with 3 plots sold at a premium and 2 at the base price, generating a total revenue of 19.156 billion yuan, with the highest premium rate reaching 30.79% [1][3] - The most notable plot was located in Yangpu District, with a starting price of 2.676 billion yuan and a floor price of 73,039.18 yuan per square meter, attracting significant interest from multiple real estate companies [1][2] Group 2 - The Yangpu plot's high attention is attributed to its prime location within the inner ring of Shanghai, with excellent transportation and commercial facilities nearby [2] - The competitive bidding for the Yangpu plot involved six bidders, with the final price reaching 3.5 billion yuan, resulting in a floor price of 95,500 yuan per square meter, which is expected to lead to future project prices of at least 140,000 yuan per square meter [3][4] - The auction reflects a trend of strong demand for residential land in central areas, despite some regional disparities in market response [6][7]