On the afternoon of September 3, Chaoyang, Beijing simultaneously ended online listing bidding for the JT-629 plot of Tuofangying in Taixiang and the SY00-2101-2001 and 2002 plots in Wenyu River, Houshayu, Shunyi. The total starting price of the two land plots involving residential land was 14.592 billion yuan. It was the first high-priced land auction in Beijing after the Ministry of Housing and Construction's “Notice on Improving the Commercial Housing Sales System” on August 28. It was viewed by the market as the “first stress test” for the downward trend in existing housing sales. Surprisingly, however, just before the live auction began, the trading of the camel house camp block was suddenly suspended, and the Beijing Municipal Commission of Planning and Natural Resources also posted a relevant announcement on the official website of the Beijing Municipal Commission of Planning and Natural Resources. The reason has not yet been disclosed. According to information, the real estate companies registered for this parcel were China Construction Zhidi + Taikoo Real Estate Consortium, CNOOC New Town, and China Resources Land, but only CNOOC New Town received license plates at the time. In the end, only one plot of land in Wenyu River was sold in this local auction. China Resources Land defeated the Jinyu+Maoyuan Consortium with about 8.3 billion yuan and a premium rate of 17.37% to compete for the parcel. The residential floor price was about 41,000 yuan/square meter. Zhang Kai, head of land market research at the China Index Research Institute, commented that due to the influence of the “8.28” New Deal, the hot situation of local auctions in Beijing cooled down drastically in July and August, and the level of live auctions was far less intense than the previous few.

On the afternoon of September 3, Chaoyang, Beijing simultaneously ended online listing bidding for the JT-629 plot of Tuofangying in Taixiang and the SY00-2101-2001 and 2002 plots in Wenyu River, Houshayu, Shunyi. The total starting price of the two land plots involving residential land was 14.592 billion yuan. It was the first high-priced land auction in Beijing after the Ministry of Housing and Construction's “Notice on Improving the Commercial Housing Sales System” on August 28. It was viewed by the market as the “first stress test” for the downward trend in existing housing sales. Surprisingly, however, just before the live auction began, the trading of the camel house camp block was suddenly suspended, and the Beijing Municipal Commission of Planning and Natural Resources also posted a relevant announcement on the official website of the Beijing Municipal Commission of Planning and Natural Resources. The reason has not yet been disclosed. According to information, the real estate companies registered for this parcel were China Construction Zhidi + Taikoo Real Estate Consortium, CNOOC New Town, and China Resources Land, but only CNOOC New Town received license plates at the time. In the end, only one plot of land in Wenyu River was sold in this local auction. China Resources Land defeated the Jinyu+Maoyuan Consortium with about 8.3 billion yuan and a premium rate of 17.37% to compete for the parcel. The residential floor price was about 41,000 yuan/square meter. Zhang Kai, head of land market research at the China Index Research Institute, commented that due to the influence of the “8.28” New Deal, the hot situation of local auctions in Beijing cooled down drastically in July and August, and the level of live auctions was far less intense than the previous few.