Green town china (03900) rose more than 6%, and at the time of publication, the increase was 6.14%, with a price of HKD 6.22 and a turnover of HKD 22.7703 million.
According to the Wise Finance app, Green Town China (03900) rose more than 6%, and at the time of publication, the increase was 6.14%, with a price of HKD 6.22 and a turnover of HKD 22.7703 million.
In terms of news, on August 7th, Shanghai welcomed the fourth round of land auctions in 2024. Five plots were sold this time, located in Xuhui District, Hongkou District, Pudong New Area, Qingpu District, and Fengxian District. It is reported that Green Town China won three plots of land in Hongkou District, Shanghai for RMB 1.2 billion each (the same below), with a premium rate of 6.48%, a floor price of RMB 0.0484 million per square meter, a sellable area of 1.02 hectares, and its land use for ordinary residence. It is worth noting that Green Town won the Xuhui District Xietu Street xh128D-07 plot for a total price of about RMB 4.8 billion, with a floor price of RMB 0.131 million per square meter, a premium rate reaching the highest limit of 30%. This plot broke the record of the most expensive domestic land king in Shanghai set by RonshineChina in 2016 (the floor price was RMB 0.1 million per square meter at that time).
In addition, GTJA released research reports pointing out that the company's home base in Hangzhou has been continuously acquiring land since 2024, including acquiring two plots of land with high premium rates in July. According to CRIC and Zhongzhi data, the company's new land reserve value reached RMB 10.3 billion in July, including two new land reserves in Hangzhou.