Recently, the 36.83-mu commercial and residential land on the east side of Xiangzhu Avenue in Qingxiu District was up for auction again after 7 years, which can be seen as the longest online auction in Nanning. Nanning Longguang Junchi Real Estate Development Co., Ltd. (Long Guang) won the bid with a total of 1,561,049,900 yuan, a unit price of 42.39 million yuan per mu, and a floor price of 14,130 yuan per square meter.
It is learnt that 5 people participated in the two-day auction, with over 1,200 bids before the final bid. According to industry insiders, regarding the location, the land is located in Fenglingbei, one of the gateways of Nanning. At present, the price of new houses in the surrounding areas and second-hand houses in the nearby communities is above 20,000 yuan per square meter. The land boasts superior location, transportation, and supporting facilities. High-end residences are predicted to be built on this land with a price of over 20,000 yuan per square meter.