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Core Viewpoint - The recent land auction in Fuzhou saw Fuzhou Xingjing Real Estate Co., Ltd. winning a prime residential and commercial land parcel, indicating strategic moves in the local real estate market by major players like Longxiang Holdings Group [1][3][9]. Group 1: Land Auction Details - The land parcel 2025-39 was acquired by Fuzhou Xingjing Real Estate Co., Ltd. for 322 million yuan, translating to a floor price of 10,380.60 yuan per square meter [3]. - The land area is approximately 25.85 acres, designated for residential and commercial use, located in a prime area near the Minjiang River and the planned Metro Line 6 extension [3][5]. Group 2: Company Background - Fuzhou Xingjing Real Estate Co., Ltd. was established on June 19, 2025, with a registered capital of 10 million yuan, and operates in the real estate industry [6]. - The company is a wholly-owned subsidiary of Sanhe (Fujian) Construction Engineering Co., Ltd., indicating a strong backing in the construction sector [9]. Group 3: Longxiang Holdings Group - Longxiang Holdings Group, founded in 1998, is a comprehensive investment group involved in real estate development and other sectors such as engineering, mineral resources, and international trade [11][13]. - The group has expanded its operations across six provinces and 14 cities, with total assets exceeding 10 billion yuan and a significant portfolio of over 50 developed projects [13][16]. - The recent acquisition of the land in Fuzhou is seen as a strategic move to re-enter the local market, enhancing its presence in the Jiangnan CBD area [11].