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Shanghai Auctions Residential Plots

Tue, 06/07/2011 - 15:16

TWO residential plots have been auctioned yesterday for that very first time in two weeks in Shanghai.

Shanghai Tongji genuine Estate Co along using the Architectural pattern and evaluation Institute of Tongji college jointly won the bid for just about any plot of acreage in Baoshan area for 76.8 million yuan (US$11.85 million), 44.4 % higher compared to starting price. The flooring price tag is 12,766 yuan every rectangular meter. one other plot in Songjiang area was marketed to some three-company celebration led by Shanghai New Huangpu genuine Estate Co for 935 million yuan, 56.9 % higher compared to starting price. The flooring price tag is 11,293 yuan every rectangular meter.