The Shenzhen government is auctioning five residential sites on Monday. Photo: Roy Issa

Shenzhen sells five plots at record prices in biggest land tender since 2001 as investors vie for foothold in Greater Bay Area’s tech hub

  • Logan Property Holdings paid 6.6 billion yuan for the most expensive plot in the Shenzhen tender, while China Overseas Land paid 5.7 billion yuan for the second-costliest plot
  • The combined area of the five plots add up to 170,273 square metres (1.8 million square feet), slightly smaller than Victoria Park in Hong Kong
Topic |   Shenzhen

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The Shenzhen government is auctioning five residential sites on Monday. Photo: Roy Issa
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Zheng Yangpeng

Zheng Yangpeng

Zheng Yangpeng is a business reporter at the Post, covering China property, banking and finance. He previously worked for China Daily, joining the Post in 2016. He holds a Bachelor's Degree in Journalism and Communication from Peking University, and a Master's Degree in Global Business Journalism from Tsinghua University.

Pearl Liu

Pearl Liu

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.