THREE land parcels at Shenzhen Bay Super Headquarters Base in Nanshan District were auctioned for 9.78 billion yuan (US$1.44 billion) to three enterprises in Shenzhen, according to the Shenzhen Land and Housing Transaction Center.

The Digital China Group acquired one of the parcels for 3.6 billion yuan, while ZTE Corp. spent 3.54 billion yuan. The last parcel was auctioned to China Electronics Corp. for 2.6 billion yuan.

Since 2014, eight land parcels at the super headquarters base have been auctioned off to enterprises including China Merchants Bank, China Telling Telecommunications and Hengli Group. This April, two land parcels were auctioned to Hengli Group and Shenzhen iCarbonX Digital Life Science and Technology Co. Ltd. for 4.2 billion yuan.

The area, which is bordered by Binhai Boulevard, Shenwan No. 1 Road, Shenwan No. 2 Road, Baishi Road and Baishi No. 3 Road, was designated by the Shenzhen government as the super headquarters base in 2007. Headquarters, high-end office buildings and cultural facilities will be built in the 1.17-square-kilometer area.

According to the city’s development plan, the area will be developed in nine sections, and the total output value is expected to reach 50 billion yuan when it is put into use at the end of 2020.

(Han Ximin)