Longfor Group Wins the Bid for the First Residential Land in SSCIP at RMB 1 Billion

On September 8th, an open tender was carried out for the first piece of residential land in SSCIP. Longfor Group stood above other 14 real estate developers with a final price of RMB 1,047,200,000 after 56 rounds of intense bidding. It signifies the land value of SSCIP has been well appreciated by developers.

Overview of plot information

Location of Plot: Group 4 and 5, Jinsong Community, Zhonghe Subdistrict
Site area (m2): 68045.19
Site area (mu): 102.07
Land use: Residential (90%) and commercial (10%)
Pilot ratio: 68045.19m2≤GFA≤238158.165m2 (incl. commercial building area≤23815.8165m2)
Starting price: RMB 7,699,800/mu
Hammer unit price: RMB 10,266,700/mu
Hammer total price: RMB 1,047,922,000
Floor price: RMB 4400/m2
Bid winner: Longfor
Premium rate: 33.33%
Plot ratio: 3.5

Overview of Amenities around the Plot

Transportation: Exit B of Guangdu Station of Chengdu Metro Line 1 is no more than 200 meters away. The South Extension of Hongxing Road, a north-south trunk road in Chengdu, is lying on the east side of the plot.

Landscape: Only 300 meters away from SSCIP Heartbeat Central Park
Supporting public facilities: A Singaporean-style neighborhood center is planned on the north part of the plot.