Hangzhou: One residential plot of land sold with a premium of over 15%

On May 19th, a piece of residential land in Linping New City, Hangzhou was auctioned off. The land area is 37,363.00 square meters, with a planned construction area of 67,253.40 square meters. The maximum building height for the plot is 60 meters and the plot ratio is 1.8. The starting price was 605 million yuan, with a starting floor price of 9000 yuan per square meter. After 20 rounds of bidding, Hangzhou West Lake Real Estate Group Co., Ltd. successfully acquired the land with a total price of 700 million yuan, at a final floor price of 10,413 yuan per square meter, with a premium rate of 15.69%.