The Suzhou Natural Resources and Planning Bureau announced that it will hold an online auction for 6 land plots located in the urban area of Suzhou. The auction is scheduled to take place on November 29th and has a total starting price of 6.824 billion yuan. The total area of the land plots is approximately 286,200 square meters, with 3 plots in Wuzhong District, 1 in Xiangcheng District, and 2 in the Industrial Park. It is noteworthy that there is no maximum price set for any of the 6 land plots. According to the auction announcement, the bidding will end at 10:00 am on November 29, 2023. The highest bid at the end of the auction will be considered as the starting price for the limited-time bidding. Bidders can increase their bids by 1 to 5 multiples of the current highest bid. The bidding intervals will not exceed 4 minutes, and the highest bidder within 4 minutes will be awarded the land plot. The land plots include a residential plot in the Industrial Park with a starting price of 222.658 million yuan and a floor price of 30,000 yuan per square meter. Another plot in the Industrial Park has a starting price of 150.039 million yuan and a floor price of 22,000 yuan per square meter. In addition, there are 3 plots in Wuzhong District with starting prices of 705 million yuan, 1.004 billion yuan, and 358 million yuan respectively. The plot in Xiangcheng District has a starting price of 1.03 billion yuan. This auction presents a great opportunity for developers and investors to acquire valuable residential land in Suzhou.