Two commercial sites in the Qianhai special economic zone have been sold for a combined 4.06 billion yuan (US$662.8 million), the Shenzhen Land and Real Estate Exchange Center said in a statement on its website Wednesday.
Qianhai Shimao Investment (Shenzhen) Co. Ltd. bought the first site, T102-0244, for 2.43 billion yuan, slightly above the minimum auction price of 2.42 billion yuan. The site covers 12,746.7 square meters or a gross floor area of 150,000 square meters. The average cost works out to 16,220 yuan per square meter of gross floor area.
The second site, T102-0245, went to Shenzhen Xiangjiang Supply Chain Management Co. Ltd. which paid 1.63 billion yuan, a 63.3 percent premium over the starting price of 998 million yuan, the statement said. The site covers 4,223.5 square meters or a gross floor area of 64,000 square meters. The price comes to about to 25,468.8 yuan per square meter of gross floor area.
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