A residential land parcel in Gongshu District, Hangzhou was sold for 1.374 billion yuan, with a premium rate of over 40%.

A residential land parcel in Gongshu District, Hangzhou City has officially started auction. According to the transaction result, Hangzhou Zhequn Property Co., Ltd. under Greentown Group won the bid with 1.374 billion yuan, with a premium rate of 40.33%.