On December 10, the auction was completed for parcel B405-0308, Meilin Street, Futian District, Shenzhen. The floor price was 42,695 yuan/㎡, and the premium rate was 65%. According to the Shenzhen State-owned Construction Land Use Rights Sale Notice, all commercial housing in this parcel must be sold as existing housing. This is the second residential land in Shenzhen to require the sale of all existing homes in recent years. Promoting the existing housing sales system is one of the key tasks in the process of reforming and improving the real estate development, financing, and sales system. In recent years, many places have made efforts from the policy side and the land concession side to promote the implementation of existing housing sales systems. According to statistics from the China Index Research Institute, since the end of 2022, 39 locations across the country have piloted sales of existing homes and introduced related support policies. Since this year, Xinyang in Henan and Jingmen in Hubei have successively implemented relevant policies to promote the sale of existing homes and protect the legitimate rights and interests of buyers in accordance with the “difference between old and new” principle.

On December 10, the auction was completed for parcel B405-0308, Meilin Street, Futian District, Shenzhen. The floor price was 42,695 yuan/㎡, and the premium rate was 65%. According to the Shenzhen State-owned Construction Land Use Rights Sale Notice, all commercial housing in this parcel must be sold as existing housing. This is the second residential land in Shenzhen to require the sale of all existing homes in recent years. Promoting the existing housing sales system is one of the key tasks in the process of reforming and improving the real estate development, financing, and sales system. In recent years, many places have made efforts from the policy side and the land concession side to promote the implementation of existing housing sales systems. According to statistics from the China Index Research Institute, since the end of 2022, 39 locations across the country have piloted sales of existing homes and introduced related support policies. Since this year, Xinyang in Henan and Jingmen in Hubei have successively implemented relevant policies to promote the sale of existing homes and protect the legitimate rights and interests of buyers in accordance with the “difference between old and new” principle.