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Beijing Land Auction | Shoukai wins the city sub-center 0703 district plot at the starting price of 1.769 billion yuan
On April 2, Beijing’s Municipal Commission for Planning and Natural Resources reported that Capital Properties first acquired the FZX-0703-6031 and FZX-0703-6032 land parcels in Beijing Urban Subcenter Lot 0703 by taking them at a reserve price of 1.769 billion yuan, with a floor area price of about 19,800 yuan per sq m. The land parcel covers a land area of about 4.26 hectares, with a planned above-ground total construction area of about 92,400 sq m and a plot ratio of 2.3. The parcels are located in Songzhuang Town in Tongzhou District, outside the Sixth Ring Road. Nearby are educational and lifestyle supporting facilities including the Beijing Eleven School Tongzhou Experimental School, the Anzhen Hospital under construction (Tongzhou branch), the affiliated children’s hospital of the Capital Institute of Pediatrics, Capital Properties Tongzhou Vientiane Plaza, Hualian Shopping Center (Liuhua Xincun store), and Lucheng Central Park.