[Two Residential Land Parcels in Hangzhou Both Sold at Over 20% Premium]

Published: Apr 10, 2026 16:30

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On April 10, two residential land parcels were offered for sale in Hangzhou, both ultimately sold at premiums exceeding 20%, with a total transaction value of 1.492 billion yuan. The Xihu District parcel went through 73 rounds of bidding and was won by Binjiang Group at a total price of 963 million yuan, with a transaction floor price of 19,129 yuan/㎡ and a premium rate of 59.67%. The Linping District parcel went through 21 rounds of bidding and was won by Greentown at a total price of 529 million yuan, with a transaction floor price of 12,950 yuan/㎡ and a premium rate of 23.33%.

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