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Yuexiu Property wins Guangzhou plot for 2.48 billion yuan after 18 bids

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  • Yuexiu Property secured Guangzhou's Tianhe District plots after 18 rounds of bidding.
  • The site sold for 2.48 billion yuan at a 15.9% premium.
  • The auction was Guangzhou's first residential land sale after the August 28 New Policy.
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