The use rights of 3 pieces of reserved state-owned land were sold for more than 100 million Yuan by auction early this week, the value added rate averaged 164%.

The three pieces of land that were put up for auction are located on No.22 Zhiquan Road, No.18 Zhenjiang Road and No. 5 Guokou Road, with a general planning construction area of 27,502 square meters. After one and a half hours stiff competition, all of the use rights of the land were sold out at high prices. Land No. 1 on Zhiquan Road was bought by the Qingdao Guangye Real Estate Development Company at the price of 70,880,400 Yuan and as high as 5500 Yuan per square meter compared to its base price of 1830 Yuan per square meter. Land no. 2 on Zhengjiang Road was sold out at the price of 19,020,000 Yuan, and No. 3 on Guokou Road was sold out at 15,947,500 Yuan.

(top86)