Core Viewpoint - The land auction market in Lanzhou is experiencing significant activity, with a recent successful bid for residential land in the Qongjiawan area, indicating a revitalization of previously underutilized land [1][10]. Land Transaction Details - Lanzhou Jingjia Real Estate Co., Ltd. acquired approximately 12.951 acres of residential land in Qongjiawan for 45.7 million yuan, translating to a unit price of 352.8685 million yuan per acre and a floor price of 2940.64 yuan per square meter [1][3]. - The land is characterized by a low density with a floor area ratio of 1.8 and a height limit of 36 meters, which is rare for recent land sales in Lanzhou [4]. Area Characteristics - The Qongjiawan area is surrounded by established residential communities and key infrastructure, including schools and major roads, enhancing its attractiveness for future development [4][5]. - The site was previously a glass factory residential area, which has undergone significant transformation plans, including the renovation of historical buildings into community centers [5]. Future Development Plans - The overall planning for the Qongjiawan area includes the construction of educational institutions, medical facilities, and improved transportation infrastructure, which will enhance the living environment and increase the area's value [9]. - The area is expected to accommodate around 70,000 residents, indicating a substantial increase in population and potential demand for housing [5][9]. Strategic Implications - The successful land acquisition by Lanzhou Jingjia Real Estate marks the beginning of a new phase for Qongjiawan, with the potential for significant urban development driven by low-density housing and improved community services [10].