The second land auction in Chengdu in May collected 2.4 billion yuan of land in the main urban area to attract developers to compete.

Chengdu, 16 May (Xinhua)-- Chengdu City, Sichuan Province, ushered in the second land sale in May. The total transaction area of four cases of homestead sold reached 166mu, with a total transaction area of 213200 square meters, a total transaction amount of 2.4 billion yuan, and an average premium rate of 6.7 percent. Chengdu local auction adopts the method of "limited price bidding + lottery auction" and does not accept the application of natural persons; the same enterprise and its holding companies shall not participate in the bidding of the same land. Four houses attracted 24 real estate companies to bid, with a floor price of 3300-17400 yuan per square meter and a limited price of 15225-34000 yuan per square meter for clear water houses.