[Shanghai’s ninth batch of land auctions in 2026 has concluded, with a total transaction value of approximately 12.9 billion yuan] On September 21, Shanghai’s ninth batch of residential land sales in 2026 has concluded. A total of three land parcels were launched in this batch, with a total transaction value of approximately 12.9 billion yuan. Among them, the Pudong Jinqiao land parcel was won by CITIC Pacific for approximately 1.972 billion yuan, with a premium rate of 29.65%. Zhang Wenjing, general manager of Shanghai Data at the China Index Research Institute, said that compared with the performance of the previous batches of the "8·28 New Deal", real estate companies have become more cautious in acquiring land, reserving pricing and profit margins for the sales of existing homes. Taking into account factors such as financial pressure and development cycle, the Pudong Jinqiao land parcel with low total price and low floor area ratio has received more attention from the market.