On September 21, the ninth batch of land concessions involving residential land in Shanghai in 2026 came to an end. A total of three parcels of land were launched in this batch, with a total transaction amount of about 12.9 billion yuan. Of these, the Pudong Jinqiao plot was contested by CITIC Pacific for about 1,972 billion yuan, with a premium rate of 29.65%. Zhang Wenjing, general manager of Shanghai Data of the China Index Research Institute, said that compared with the performance of the previous batches of the “8.28 New Deal”, housing enterprises tend to be cautious in acquiring land, reserving pricing and profit margins for existing housing sales. Combined with comprehensive considerations of factors such as financial pressure and development cycle, the Pudong Jinqiao plot with a low total price and low floor area ratio has received more attention from the market.

On September 21, the ninth batch of land concessions involving residential land in Shanghai in 2026 came to an end. A total of three parcels of land were launched in this batch, with a total transaction amount of about 12.9 billion yuan. Of these, the Pudong Jinqiao plot was contested by CITIC Pacific for about 1,972 billion yuan, with a premium rate of 29.65%. Zhang Wenjing, general manager of Shanghai Data of the China Index Research Institute, said that compared with the performance of the previous batches of the “8.28 New Deal”, housing enterprises tend to be cautious in acquiring land, reserving pricing and profit margins for existing housing sales. Combined with comprehensive considerations of factors such as financial pressure and development cycle, the Pudong Jinqiao plot with a low total price and low floor area ratio has received more attention from the market.