The eighth plot in the Luntou District attracts bids from five parties, with the highest bid price per square meter at 1,278 yuan, the highest in the area | Lianhe Zaobao
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The bidding results for the eighth plot of land in the Luntou District have been announced. Guohao Real Estate and a consortium under FTLife Insurance successfully bid with the highest price of HKD 657.1 million, with a plot ratio of HKD 1,278 per square foot, exceeding analysts' expectations and breaking records. Analysts had originally predicted low bidding enthusiasm, with the highest bid expected to be between HKD 900 and HKD 1,000. Despite seven plots already sold, developers still show strong interest in this plot
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