China Merchants Shekou won the bid for the Hangzhou Yongjiu River residential land with a total amount of 6.09 billion yuan, with a transaction floor price of 51,577 yuan per square meter.

Hangzhou successfully auctioned a permanent residential land plot today. The site has a planned construction area of 118,100 square meters, with a starting price of 3.404 billion yuan, attracting fierce competition from real estate companies. The bidding process lasted approximately 3 hours and included 243 rounds. In the end, the plot was won by China Merchants Shekou with a bid of 6.094 billion yuan, at a transaction price of 51,577 yuan per square meter, representing a premium rate of 79.03%.