Hangzhou transferred three residential land plots, with two located in Linping District and one in Qiantang District. The total land transfer area of the three plots was 88,181 m², with a starting total transfer price of 1.167 billion yuan. Ultimately, all three plots were sold at the base price, generating a total revenue of 1.167 billion yuan. Among them, China Communications Urban Investment & Development (Guangdong) Co., Ltd. won the bid for the QT08040124 plot in Jianghai City at a base price of 451 million yuan, with a floor price of 7,999 yuan/m². Previously, on May 13, China Communications Urban Investment & Development Co., Ltd. won the bid for the QT080401-51 plot in Jianghai City at a base price of 428 million yuan, with a floor price of 3,844 yuan/m² and a premium rate of 0%.