After the record-breaking land prices in the racecourse area, new luxury residences in Tianhe, Guangzhou, make their debut

Guangzhou Tianhe real estate market has had a strong start in the Year of the Horse. The most attention-grabbing event was the auction of the Zhujiang New Town Racecourse site, which sparked a fierce battle among eight property developers for 243 rounds. The final transaction price for residential land reached 85,500 yuan per square meter, setting a new record for Guangzhou residential land prices.

Driven by this positive momentum, in early March, luxury housing projects such as KaiXuan New World and Poly Yuexi Bay, both located in the core area of Tianhe, reported active sales. Among them, a top-floor duplex unit in Poly Yuexi Bay was sold for a total of 187 million yuan, further solidifying Tianhe’s strong start in the real estate market.

In addition to the hot sales, a new project near the Racecourse site has also emerged. Recently, Yangcheng Evening News learned from Xincheng Group that the group is about to develop a new project next to the Racecourse site. The project is reportedly named Xincheng Lingxiu, separated from the Racecourse site by only Tancun Road, making it very close.

Cao Zhiwei, co-founder of Xincheng Group, said that Xincheng Lingxiu will be the group’s second high-end residential project under the “Ling” series, following the Financial City Lingyuan project. Currently, the Lingyuan project, built according to the “6G Good House” standard, is continuously being sold. After the land auction of the Racecourse site, on-site inquiries have significantly increased.

Text and photos | Reporter Chen Yuxia