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Wkao2, where do you find the auction information? It would be so sad for XIN if it paid 41% higher than the second highest bidder.
Whatever a "premium" means.
Xinyuan paid a 41.1% premium
R&F paid a 43.2% premium
Vanke paid a 39.2% premium
Poly Sunac paid 36.39% premium
Fuli paid 41.07% premium
etc. etc. for the eight parcels offered.