In Hangzhou, a residential land parcel was sold at a premium of 57.26%.

On April 30th, a piece of residential land in the Market North unit of Xiaoshan District, Hangzhou was put up for auction. The total land area is 32,789.00 square meters, with a planned construction area of 72,135.80 square meters and a plot ratio of 2.2. The starting price was 1.65913 billion yuan, with a starting price per square meter of 23,000 yuan. After 43 rounds of bidding, a consortium of Greentown and Binjiang Group won the auction with a total price of 2.609 billion yuan, at a final price of 36,170 yuan per square meter, representing a premium rate of 57.26%.