Residential Floor Area Ratio Lowered to 1.6! Pufa Tangcheng Phase 6 Expected to Debut in Q4

Shanghai Jincheng Li Yu Recently, the tender announcement for the commercial housing project on Plot 08A-01 in Tangzhen Town South Community has been released.

The developer is Shanghai Huaxia Cultural Tourism Zone Development Co., Ltd., with Shen Haoyu as the legal representative. It is a subsidiary of the SPD Group.

This also means that Plot 08A-01 in Tangzhen Town has been confirmed to be part of the SPD Tangcheng Phase VI project.

Regarding planning adjustments, the land use of Plot 08A-01 has been changed from mixed residential and commercial use to a pure Type III residential cluster. The maximum floor area ratio (FAR) has been reduced from 2.0 to 1.6, with the land area remaining unchanged.

The commercial portion originally within the plot has been relocated to Plot C-11E-01, where the FAR has increased from 0.8 to 1.38, and commercial area has expanded by approximately 10,500 square meters.

The planning approval has been obtained, and the project is expected to be unveiled in the fourth quarter of this year.

This plot is adjacent to the east of SPD Tangcheng Phase IV, near the Innovation Middle Road Station on Metro Line 2, with surrounding amenities including Impression Tian Di and other commercial facilities.

Regarding the Tangzhen real estate market, in last year’s sixth batch of land auctions in Shanghai, Plot C-02C-01 in Tangzhen was auctioned after 62 rounds of bidding, with a premium rate of 40%, and a transaction floor price of 52,360 yuan per square meter, setting a regional record.

The Yi Jiang Zhen Di project on this plot currently has an average price of about 83,000 yuan per square meter, with some units still available for sale. The new housing market in Tangzhen has entered a phase of stock continuation sales.