16 September 2019

Qianhai to sell two sites in November, paper says

Shenzhen’s Qianhai New Area will hold its second land auction for two sites next month, the Hong Kong Economic Times reported Friday, citing a source from the zone administrator. The two sites, both for commercial and office use, have land reserve prices of 15,000 yuan (US$2,459.77) and 16,000 yuan per square meter, respectively. The reserve price was set much lower than the level seen in the first auction, the report said, adding that the adjustment is expected to attract more Hong Kong bidders.

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