China Securities Network (Reporter Zhang Liang) - On the 27th, following the morning's 219 million yuan bid for the plot of Block 04FX-0002 Unit B0204 at the second phase of Fengxian Fengxian Industrial Park in Shanghai, Country Garden continued its efforts and won another Fenghua Fengxian Park in the afternoon for RMB 653 million. Phase II of 04FX-0002 unit B0701 plots cost a total of 872 million yuan.

Yan Yuejin, research director of the Think Tank Research Center at the Yiju Research Institute, believes that Country Garden won the suburban land in Fengxian, which complements its land bank in Shanghai. Moreover, land prices are not expensive, and the pressure on Country Garden is basically not great. Comparing with the previously hot land market, Country Garden has been able to control the cost of land better, and by virtue of its rich development experience in third and fourth-tier cities, it is bound to have a better development capability for such suburban markets.

In addition, generally speaking, Shanghai’s recent land supply is dominated by suburban land supply, which reflects the active management and control of land prices. The relative quietness of the local market has also made it easier to control the land costs and development costs of subsequent housing companies, reflecting the positive return of the Shanghai land market to a rational state.

Lu Wenzheng, a market analyst at Centaline Real Estate in Shanghai, said that Country Garden’s harvest in Shanghai’s land market this year was modest, and it is not a good option to make up at the end of the year. The premium rate for the two sites is only 5.1% and 3%, respectively.

In addition, the reporter learned from the Country Garden Office that on the same day, Country Garden also won the east side of Baiqiao Road, Zhangjiagang, Jiangsu Province for 1.268 billion yuan. The floor price was 6327 yuan/square meter, and the premium rate was 62.81%.