Core Viewpoint - Longfor Longzhizao has signed a contract with Qingdao Haichuang Real Estate to provide comprehensive development management services for three residential land plots in Huishui Road, Licang District, Qingdao, marking a significant investment opportunity in the region [1] Group 1: Project Details - The total area of the three plots is 158,000 square meters, with a floor area ratio of 1.11-1.25, resulting in a total construction area of 189,600 square meters [1] - The total transaction price for the land is 2.019 billion yuan, with a floor price ranging from 10,520 to 10,940 yuan per square meter, which is referred to as the "total price king" of Qingdao for 2025 [1] Group 2: Development Requirements - The plots must be purchased as a whole, and the winning bidder is required to construct and donate over ten public service facilities, including a community health station, childcare center, and farmers' market, to the Licang District government upon completion [1] Group 3: Land Background - The land was originally acquired by Haichuang in July 2020 for 2.1 billion yuan as a mixed-use commercial and residential site, which was later adjusted in May 2026 to a purely residential designation with a reduced floor area ratio, enhancing its low-density attributes [1] - The project aligns with Longfor's high-end villa and apartment product lines, with construction expected to commence within the year [1]