[Residential land in Hongkou District, Shanghai was sold at a reserve price of 5.418 billion yuan] On September 29, 4 land parcels in ten batches of land auctions in Shanghai were sold on September 28. Among them, the Hongkou North Bund land parcel was used for scientific research and design land and residential land, with a land transfer area of 17906.45 square meters (total 26.86 acres), with a planned construction area of 1,271,35.8 square meters (62.5% for scientific research and design, 37.5% for residential buildings), a building height limit of 198m, a floor area ratio of 7.1, a starting price of 5.418 billion yuan, and a starting comprehensive floor price of 42,612 yuan/㎡. In the end, Guomao won the land at a reserve price of 5.418 billion yuan, and the transaction price was 42,612 yuan/㎡.