C&D INC.(SH:600153) Zheng Quan Shi Bao Wang·2025-06-19 10:18Core Viewpoint - Shenzhen Longhua District sold a residential land plot for 1.212 billion yuan, with a premium of 46.6% and a floor price of 44,559 yuan per square meter [1]. Group 1: Land Auction Details - The land plot, identified as A817-0619, is located in Longhua District, with a total area of 10,898.05 square meters and a planned construction area of 27,200 square meters, including 26,600 square meters for residential use and 500 square meters for commercial use [7]. - The starting price for the auction was set at 827 million yuan, and the auction attracted eight competing real estate companies [7]. - Shenzhen Lianyue Real Estate Development Co., Ltd. won the bid after 65 rounds of bidding [1][7]. Group 2: Company Background - Shenzhen Lianyue was established in 2020 and is a newcomer in the Shenzhen real estate market, with its parent company being Lianfa Group, which is ultimately owned by Jianfa Co., Ltd. based in Xiamen, Fujian [3]. Group 3: Market Context - The land plot is part of the Shenzhen North Station Business District, with surrounding second-hand housing prices ranging from 50,000 to 80,000 yuan per square meter [7]. - The plot has a floor area ratio of 2.5, which is relatively low compared to recent auctions where the ratio typically exceeds 4, providing developers with more flexibility [7]. - The plot does not have restrictions on the "70/90" housing type and has no sales price limits or affordable housing requirements [8]. Group 4: Development Obligations - The winning bidder is required to commence construction within one year of signing the land transfer contract and complete the project within four years, with a commitment to provide "immediate certificate upon delivery" service [9].