---
title: "The floor price hits a nearly 7-year high! Tianjin welcomes the first land auction after the Spring Festival"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229745486.md"
description: "Tianjin's first land auction after the Spring Festival was successful, with 7 residential plots sold, totaling a construction area of 338,100 square meters and a total price of 3.834 billion yuan. The Heping Shandong Road plot became the focus, with a planned construction area of 6,800 square meters, attracting 4 real estate companies to bid. After about 20 rounds of bidding, the joint venture of Jincheng Construction and JBDC won the bid at a floor price of 43,449 yuan per square meter, with a premium rate of 8.8%, setting a new high since 2018"
datetime: "2025-02-26T12:02:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229745486.md)
  - [en](https://longbridge.com/en/news/229745486.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229745486.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/229745486.md) | [繁體中文](https://longbridge.com/zh-HK/news/229745486.md)


# The floor price hits a nearly 7-year high! Tianjin welcomes the first land auction after the Spring Festival

Tianjin welcomed its first land auction after the Spring Festival, with all seven residential plots successfully sold. The total planned construction area is 338,100 square meters, and the total transaction price is 3.834 billion yuan. The focus of this land auction was the Heping Shandong Road plot, which has a planned construction area of only 6,800 square meters. This plot attracted four real estate companies to bid, and after about 20 rounds of bidding, it was ultimately won by a consortium of Jincheng Construction and JBDC at a floor price of 43,449 yuan per square meter, with a premium rate of 8.8%. The floor price for this plot set a new high in Tianjin since 2018. (China Securities Golden Bull)

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