[Hangzhou Lists a Plot of Land in Xiaoshan District for Auction, Starting at Approximately 520 Million Yuan] The Hangzhou Municipal Planning and Natural Resources Bureau issued an announcement on July 22 for the auction of state-owned construction land use rights in Hangzhou. One plot of land will be listed for auction, with a starting price of 524.76 million yuan. The land is designated for residential use, compatible with commercial and business purposes. It will be officially listed for auction on August 11, 2025. The plot of land being auctioned is located in Xiaoshan District. Free bidding will be adopted for this plot, and the successful bidder will be determined based on the principle of the highest bidder.