A low-density residential land in Yongkang, Zhejiang sold at a premium of 54.38%.

On July 29th, there was a low-density residential land auction in Jiangnan Street, Yongkang, Zhejiang. The land area for auction was 18562.87 square meters, with a planned construction area of 18748.5 square meters, a plot ratio of 1.01, a maximum building height of 15 meters, and a starting price of 331 million yuan. The plot saw intense competition, with 169 rounds of bidding. In the end, it was won by Yongkang Hongsheng Real Estate Co., Ltd. for a total price of 511 million yuan, with a transaction floor price of 27256 yuan/square meter and a premium rate of 54.38%.