A piece of land in Xiaoshan District, Hangzhou is being listed with a starting price of approximately 520 million yuan.

On July 22, Hangzhou Urban Planning and Natural Resources Bureau released a public notice for the auction of state-owned construction land use rights in Hangzhou. One plot of land will be auctioned off through bidding with a starting price of 524.76 million yuan. The land is designated for residential and commercial use, and the official auction will take place on August 11, 2025. The plot of land is located in Xiaoshan District, and the bidder with the highest price will be awarded the land.