Core Viewpoint - The land parcel AB1208028 in Baiyun District was successfully auctioned to China State Construction International at a base price of 31,470.52 million yuan, translating to a floor price of 4,641.67 yuan per square meter [1][4]. Group 1: Land Parcel Details - The total area of the land parcel is 106,579 square meters, with a buildable area of 88,716 square meters and a residential buildable area of 22,600 square meters, resulting in a total construction area of 67,800 square meters and a plot ratio of 3.0 [3][4]. - The land is designated for residential use (R2) and is intended for housing relocation purposes [4][5]. Group 2: Development Obligations - The winning bidder is required to sign a project repurchase contract with Guangzhou Minke Urban Renewal Investment Co., Ltd. within one month of signing the land use rights transfer contract, with a total repurchase price of 104,061.08 million yuan [4]. - The developer must also construct a 36-class junior high school and a 30-class primary school as per planning requirements, which must be completed and handed over to the Guangzhou Baiyun District Education Bureau [5]. Group 3: Market Context - The auction of this land parcel follows a recent trend where China State Construction International has been actively acquiring similar land parcels, including two adjacent relocation housing plots in Jianggao Town, which were sold for a total of 95,880.79 million yuan [7]. - The previous land parcels had higher floor prices, with one reaching 6,616.6 yuan per square meter and another at 6,438 yuan per square meter, indicating a competitive bidding environment [7].