A plot of land for property development in Shenzhen was auctioned on December 25 at a floor price of 79,907 yuan/sq m, the highest across China in 2015, according to a China Business News report.
The city auctioned 2 plots on that day, priced at 2.96 billion yuan and 2.74 billion yuan, respectively, with a premium of 97 percent and 178 percent respectively over the base price.
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