Core Viewpoint - The Sun Palace 0627 land plot in Beijing is officially listed for auction with a starting price of 3.1 billion yuan, set to be auctioned on September 30, 2025, indicating strong interest in urban residential land development in a prime location [1][2]. Group 1: Auction Details - The starting price for the land plot is 3.1 billion yuan, with a floor price of approximately 61,300 yuan per square meter [1][2]. - The residential portion has a starting price of 2.922 billion yuan, equating to about 67,700 yuan per square meter, while the public building portion starts at 178 million yuan, with a floor price of around 24,000 yuan per square meter [1][2]. Group 2: Land Characteristics - The land area is 19,446.8 square meters, designated as second-class urban residential land, with a planned building area of up to 50,561.68 square meters [2]. - The plot has a development degree of "seven connections and one leveling," indicating a well-prepared site for construction [2]. Group 3: Location and Market Context - The plot is strategically located in Chaoyang District, near major transportation links, including the Northeast Third Ring Road and dual subway lines, enhancing its attractiveness for residential development [5]. - Surrounding properties have seen transaction prices ranging from 100,000 to 130,000 yuan per square meter, indicating a high demand for residential units in the area [5]. Group 4: Regulatory Changes - The land use designation has been changed from mixed-use residential and commercial (F1) to pure residential land, which aligns with market demand and reduces development complexity [7][8]. - The plot's floor area ratio has been adjusted from 3.0 to 2.6, and the total building area has been reduced from 58,300 square meters to 50,400 square meters [9][10]. Group 5: Community and Infrastructure Considerations - The project includes a requirement for underground commercial facilities of at least 5,500 square meters, which must connect with the nearby subway stations [3][12]. - Public feedback during the planning phase highlighted concerns about building spacing and land use, leading to adjustments in the development plan to better meet community needs [12][13].