Core Points - Fuzhou's natural resources and planning bureau announced the public auction of 14 plots of state-owned land use rights on November 20, 2023, following government approval [2] - The auction includes various land types, including residential and commercial, with specific planning requirements and starting prices [2][3] - Recent trends indicate a decline in land prices in Fuzhou, impacting the existing market significantly [3][4] Group 1: Auction Details - The auction will feature 14 plots across four urban districts, with land areas ranging from 3,763 square meters to 33,021 square meters [2] - Starting prices for the plots vary, with the highest being 256.2 million yuan for plot 2025-45, which has a residential and commercial use designation [2] - Specific planning indicators include floor area ratios, building density, green space ratios, and building height restrictions [2] Group 2: Market Trends - The floor price for plot 2025-66, located in Cangshan District, is set at 16 million yuan, translating to a starting floor price of 7,390 yuan per square meter [4][12] - Comparisons with previous land sales show a significant decrease in land prices, with a noted 66.49% drop in floor prices for adjacent plots over the past eight years [12][13] - The proximity of new auction plots to existing developments, such as "Rongqiao Yuegongguan," suggests potential competitive pricing dynamics in the market [13]