--- title: "The eighth plot in the Luntou District attracts bids from five parties, with the highest bid price per square meter at 1,278 yuan, the highest in the area | Lianhe Zaobao" type: "News" locale: "en" url: "https://longbridge.com/en/news/277600993.md" description: "The bidding results for the eighth plot of land in the Luntou District have been announced. Guohao Real Estate and a consortium under FTLife Insurance successfully bid with the highest price of HKD 657.1 million, with a plot ratio of HKD 1,278 per square foot, exceeding analysts' expectations and breaking records. Analysts had originally predicted low bidding enthusiasm, with the highest bid expected to be between HKD 900 and HKD 1,000. Despite seven plots already sold, developers still show strong interest in this plot" datetime: "2026-03-03T10:07:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277600993.md) - [en](https://longbridge.com/en/news/277600993.md) - [zh-HK](https://longbridge.com/zh-HK/news/277600993.md) --- # The eighth plot in the Luntou District attracts bids from five parties, with the highest bid price per square meter at 1,278 yuan, the highest in the area | Lianhe Zaobao The government in the Londo area has launched the bidding for the eighth plot of land for sale, with a consortium formed by GuocoLand and FTLife Holdings once again offering the highest bid of HKD 657.1 million, equivalent to a plot ratio price of HKD 1,278 per square foot. This bid not only exceeded analysts' expectations but also broke the price record for the Londo area. Previously, analysts generally predicted low bidding enthusiasm, expecting a maximum of three participants, with the highest bid ranging between HKD 900 to HKD 1,000 per square foot. The Urban Redevelopment Authority announced the bidding results for the Londo Central plot on Tuesday (March 3), showing that the consortium formed by GuocoLand, Intrepid Investments, and TID Residential is very confident in the development of the Londo area, once again offering the highest bid. Although seven plots have already been sold in the Londo area, the supply of private residential units is considered sufficient, but the bids from developers indicate a strong preference for the location. A consortium formed by Frasers Property, Sekisui House, and Metro Soilbuild Development bid HKD 621.5 million, not far from the highest bid, with a plot ratio price of HKD 1,208 per square foot. #### Further Reading Three private residential plot bids analysis: Kallang Way and Dunearn Road expected to see fierce competition Following closely is Kingsford Huray Development of Xinfeng Real Estate, which bid approximately HKD 581 million, equivalent to a plot ratio of HKD 1,130. This 99-year plot covers an area of 15,926 square meters and is expected to accommodate 560 residential units. Among the seven plots successfully sold in the Londo area, GuocoLand and its partners have already secured five, except for the plots developed by Kingsford for Lentor Gardens and Soilbuild Group for Hillock Green. Huttons CEO Ye Runming said, "The average price per square foot for new launches in this area this year is HKD 2,200, making it one of the areas that can offer attractive entry prices for buyers, while on the other hand, the resale price per square foot for pre-sold units has already exceeded HKD 2,400." ### Related Stocks - [00272.HK](https://longbridge.com/en/quote/00272.HK.md) - [01243.HK](https://longbridge.com/en/quote/01243.HK.md) - [03683.HK](https://longbridge.com/en/quote/03683.HK.md) - [00832.HK](https://longbridge.com/en/quote/00832.HK.md) ## Related News & Research - [Non-traditional bidder tops property giants in Tung Chung HK$1.6b land auction](https://longbridge.com/en/news/286899622.md) - [ZAWYA: Al Habtoor Tower: Dubai's boldest residential project yet](https://longbridge.com/en/news/287051508.md) - [Buyers flock to SHKP project in New Territories as home market outlook brightens](https://longbridge.com/en/news/286641185.md) - [Able Engineering wins HK$1.63bn Tung Chung residential land tender to drive push into property development](https://longbridge.com/en/news/286995241.md) - [12:49 ETJulia B. Fee Sotheby's International Realty Names Katie Brunner Brokerage Manager of Bedford, N.Y., Office](https://longbridge.com/en/news/286946780.md)