Chengdu has listed three residential land parcels for auction on August 28, 2026, with all three located near metro stations and carrying starting floor prices above 10,000 yuan per square meter — underscoring the southwestern metropolis's continued appeal to developers despite broader market headwinds.
Three Parcels, Three Districts
The three parcels span three of Chengdu's most active districts. The first is located in the Shaheyuan area of Jinniu District, situated adjacent to established residential communities and close to metro Line 6 infrastructure, placing it squarely in a mature urban renewal corridor. The second sits in the Zhaojue Temple area of Chenghua District, another central urban location with strong existing amenities and transit access. The third is in the Dongcheng PARKL5747 sector of Longquanyi District, a rapidly developing eastern district that has attracted increasing developer interest as Chengdu's urban boundary expands.
Notably, the Longquanyi District parcel's starting price of 10,350 yuan per square meter differs from the Jinniu District parcel's starting price of 10,500 yuan per square meter by only 150 yuan — an unusually tight gap that reflects the convergence of land values across Chengdu's expanding core.
Chengdu's Land Market Resilience
Chengdu has been one of China's more resilient property markets, with consistent transaction volumes and a relatively stable developer appetite for prime urban sites. The city's recent auction record includes several high-profile transactions: a Gaoxin District parcel that sold at a 46% premium and set a new district floor price record, and multiple Jinjiang and Qingyang District parcels that attracted competitive bidding from state-backed developers.
All three parcels are scheduled to open for bidding at 10:00 AM on August 28. Market participants will be watching closely to gauge whether the August 28 auction continues the pattern of selective premium acquisition by well-capitalized developers or shows signs of broader market caution.