Hangzhou Closes Two Residential Land Plots for 3.637 Billion Yuan, One Exceeds 42% Premium

GateNews
On May 26, two residential land plots in Hangzhou were transacted for a combined 3.637 billion yuan. One plot in the Beigan Xi Unit of Xiaoshan District was sold for 2.43 billion yuan with a premium rate of 42.09% and floor price of 28,419 yuan per square meter. A second plot in the Zhuangtang Unit of West Lake District was sold at the reserve price of 1.207 billion yuan with a floor price of 15,752 yuan per square meter.
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