On December 31, the eighth round of concentrated land supply in Shanghai concluded, with a total transaction amount of 19.225 billion yuan for 7 plots, and a planned construction area of 0.7549 million square meters. Among the plots sold this time, 5 were sold at a premium, all with a premium rate exceeding 10%, of which the residential land in Xuhui Longhua was sold at a 40% premium after reaching the stop price. According to Statistics from the Central China Real Estate Institute, a total of 48 residential plots (including involved residential land) will be transferred in Shanghai's concentrated land supply throughout 2024, with a total construction area of 3.3736 million square meters and a total transaction amount of 132.162 billion yuan.