SHCF(SH:600621) Nan Fang Du Shi Bao·2025-06-19 12:09Core Viewpoint - The successful auction of a residential land parcel in Shenzhen indicates strong competition among real estate developers, reflecting ongoing demand in the housing market despite regulatory conditions. Group 1: Auction Details - The land parcel A817-0619 in Longhua Minzhi was auctioned on June 19, attracting 8 real estate companies and resulting in 65 bidding rounds, ultimately won by Shenzhen Lianyu Real Estate Development Co., Ltd. [1][3] - The land area is 10,898.05 square meters with a total construction area of 27,200 square meters. The starting price was 827 million yuan, and the final transaction price reached 1.212 billion yuan, translating to a floor price of approximately 44,559 yuan per square meter, with a premium rate of 46.6% [3]. Group 2: Development Conditions - The winning bidder is required to commence construction within one year of signing the land transfer contract and complete it within four years, with a commitment to provide "immediate certificate upon delivery" service [3]. - The land transfer conditions are relatively lenient, allowing for the subdivision and transfer of residential and commercial properties, with no restrictions on unit types or sales price caps, and no requirements for affordable housing [3]. Group 3: Market Context - The surrounding area includes established communities, with the average price of second-hand residential properties in the nearby Jindi Shangtangdao community being approximately 60,900 yuan per square meter, while newer communities like Zhongcheng Yanyuan have an average price of 86,500 yuan per square meter [5]. - The newly acquired land parcel is adjacent to another residential land parcel won by Lianfa Group in August 2022, which has since received pre-sale approval for 354 units at an average price of 73,300 yuan per square meter [7].