Hangzhou's 4 residential land transactions amounted to 4.623 billion yuan, with the highest premium rate exceeding 61%.

On June 3rd, Hangzhou held the auction of 4 residential land plots, with a total land area of 106,200 square meters, a total planned construction area of 249,800 square meters, and a total starting price of 3.258 billion yuan. In the end, 2 plots were sold at nearly 25% above the starting price, 1 plot was sold at nearly 36% above the starting price, and 1 plot was sold at over 61% above the starting price, resulting in a total transaction amount of 4.623 billion yuan.