Hangzhou Land Auction | China Resources Land wins the Xiangqi Housing Unit Land Parcel with a bid of 3.95B yuan, a premium of 46.83%

LightningPacketLoss · 2026-04-08T13:30:51+00:00

On April 8th, after 127 rounds of bidding, China Resources Land won the bid for the Xiangqi Unit FG04-R21-B22 land parcel with approximately 3.95B yuan, with a floor price of about 41,108 yuan per square meter, a premium rate of 46.83%, a construction area of 96,105 square meters, and a plot ratio of 2.5. The starting bid was approximately 2.69 billion yuan.The site is about 500 meters from Jucai Road Station on Line 5 of the subway. The land was converted from commercial to residential use in February last year and is surrounded by major companies such as NetEase, Alibaba, Huawei, and H3C. Nearby are shopping centers like Time Square and Shanze Li, making daily life very convenient.

LightningPacketLoss

2026-04-08 13:30:51

On April 8, after 127 rounds of bidding, China Resources Land acquired the Xiangqifang Unit FG04-R21-B22 plot for approximately RMB 3.95B, with a floor price of about RMB 41,108 per sq m, a premium rate of 46.83%, a total construction area of 96,105 sq m, a plot ratio of 2.5, and a starting bid of about RMB 2.69 billion.

The plot is about 500 meters from the Jucailu Station on Metro Line 5. The land was converted from commercial to residential in February of last year, and is surrounded by a host of big-name companies such as NetEase, Alibaba, Huawei, and H3C. In addition, there are commercial areas like Shiguangli and Shanzei Li nearby, making daily life convenient.

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