Shenzhen Land Auction will "sell existing houses"? Insider: It's just a transaction plan for a single parcel of land

On September 4th, a residential plot in Shenzhen that requires "all existing houses to be sold" has triggered speculation in the market about "whether Shenzhen will fully implement existing house sales". Regarding the question of "whether Shenzhen will fully implement existing house sales", an unnamed insider told reporters that the land transfer requires "all existing house sales", which does not mean that the land in Shenzhen's land auction will require all existing houses to be sold in the future. "This is just a transaction plan for a single plot of land."