The 7th batch of 10 land parcels put up for auction in shanghai entered the on-site bidding stage. Unit 20B-12 in zone Z000602 of Pudong New Area attracted 5 bidders to participate in the bidding, with 192 rounds of bidding reaching a stop price of 7.8759 billion yuan, entering the 'high-quality construction' indicator stage. In the end, a consortium composed of China Energy Construction Urban Investment Development Co., Ltd., Hangzhou Yale Industrial Investment Co., Ltd., a subsidiary of yuexiu property, and Shanghai Xuzhen Enterprise Management Co., Ltd., a subsidiary of china res land, became the successful bidder at a total price of 7.8969 billion yuan, implementing a commodity residence decoration standard of 5000 yuan/square meter, 300 square meters of public service facilities, and a 2% proportion of high-end talent housing construction, at a transaction price of 74,426 yuan/square meter, with a premium rate of 40.37%. (The Paper)