According to data from the China Index Research Institute, from January to July, Shanghai continued to rank first in the country with 74.9 billion yuan among the top 20 cities for residential land concessions in the country, while Hangzhou and Beijing ranked second and third respectively in the country. Looking at July alone, land auctions for high-quality land plots in Shanghai, Hangzhou, and Beijing continued to be popular, with sales exceeding 10 billion yuan. Of these, Shanghai has sold over 10 billion yuan for 3 consecutive months.

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