(On October Dingmao sixth days), November 26, 1987 in Shenzhen compensation for the transfer of land use rights for the first time.

1987 11 26, the Shenzhen Municipal Government paid transfer of land use rights has been the winner of an open tender for the first time. The Shenhua project development company to win in the fierce competition of the nine bidders it land at a reasonable price for a 46,355 square meters of residential land for a period of 50 years the right to use, good architecture and planning programs and corporate credit.
land bidding team leader Liu Jiasheng said, comprehensive assessment approach is that the price of land 50% of the total score, the planning and design programs accounted for 40% of the corporate credit accounted for 10%. The reserve price of the land open tender for 332 yuan per square meter. Up 10% on this basis, that is 365 yuan per square meter, for a reasonably high price. The price tag of the the Shenhua project development company for 368 yuan per square meter. (L $ dj��.����T)
Liu Jiasheng, said the municipal government in the development of an acceptable standard premium, both consider the socio-economic affordability, but also consider the bidding company profitable investment risk larger land The industry's profit margin slightly higher than in other industries.