Hangzhou listed a parcel of residential land, with a starting price of approximately 979 million yuan.

Hangzhou Municipal Planning and Natural Resources Bureau issued a public notice for the auction of state-owned construction land use rights in Hangzhou. One parcel of land will be auctioned off through public bidding, with a starting price of approximately 979.33 million yuan. The land is designated for residential use and will be officially auctioned on May 19, 2025. The parcel of land is located in Gongshu District, and the auction will be conducted through competitive bidding, with the highest bidder being awarded the land.