Hangzhou residential land sold for 3.224 billion yuan, premium rate of 51.08%

On March 6, Hangzhou auctioned a piece of residential land in Shangcheng District, with a total area of 32,576 square meters and a planned construction area of 71,667.2 square meters, a plot ratio of 2.2. The starting price was 2.134 billion yuan, and the starting floor price was 29,776 yuan/square meter. After 109 rounds of bidding, Zhejiang Poly Real Estate Development Co., Ltd. finally won the bid for the land at a total price of 3.224 billion yuan, with a transaction floor price of 44,985 yuan/square meter, a premium rate of 51.08%.