Hangzhou two residential land transactions worth nearly 3 billion yuan, with a premium rate of 12.75% in the Xiasa core area of Qiantang District.

On July 15th, Hangzhou city witnessed the sale of two residential land parcels. According to the transaction results, both parcels were sold at a premium, with the highest premium rate being 12.75%, and a total transaction amount of approximately 2.986 billion yuan. The land parcels that were put up for sale are located in Yuhang District and Qiantang District, with a total land area of 66,243 square meters and a starting total price of approximately 2.806 billion yuan. After 14 rounds of bidding, the parcel was acquired by Hangzhou Lvshu Real Estate Co., Ltd., a subsidiary of Greentown, for a total price of 1.15 billion yuan, with a comprehensive floor price of 17,513 yuan per square meter, and a premium rate of 12.75%. The transaction floor price of this parcel decreased by 5,931 yuan per square meter compared to the floor price of Greentown's Huying Jinshaxuan parcel.