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North Gate Street No.12 Auction Created a"Primelot"of Yiwu

Source: Yiwu sourcing agent    Author: Gary      Date: 2010-12-27

   On last Friday afterday, an explosive message spread out in Yiwu estate market: the reconstruction project 12# of north gate street block auctioned 3.681 billion yuan , the total price is about 35 thousand yuan per square meter, created a new record of Yiwu land price. The reporters learned through a survey, nominally this land was taken by Zhejiang Sanlian Limited Company, but it was supported by more than two Yiwu enterprises on the behind.

   Land price created the new record at the end of this year, and near to the new year, which made many industry speculation guess, Yiwu estate price will be rise under the control.

Friday afternoon 2 pm, on the new administrative service center of Yiwu, Yiwu reconstruction project north gate street 12# block, it’s use right auction was held.

More than a year ago, north gate street 12# block came out a message of auction. Due to located in the city center, the land foused by many estate “ predators” at that time. This auction attracted Yiwu Trade City Estate, Modern Estate, and Hangzhou Greentown Group and so on unit to participate the auction as expected. 

Greentown Group has coveted Yiwu market not only once. In this auction, Song weiping, the chief of this unit attended the auction, when the bid exceeded 2.3 million yuan, Song weiping choosed to quit.

Then the bid auctioned between Mordern Estate and Sanlian unit. At 5pm that day, starting price of 1.077 billion yuan of the North Gate Street 12 # block, which after eventually more than 700 times placards, was got by Sanlian unit.

Reporter learned from staff members of Yiwu City Land Resources Bureau, the final price of the land for the 3.681 billion yuan. The floor area ratio of 3.2 to 3.5, the industry member said, after tax, North Gate Street 12 # block floor price as high as 3.5 yuan / square meter, created a new record of Yiwu land.



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