Hangzhou Land Auction | Poly Developments wins the Hangzhou East New Town plot with a bid of 3.224 billion yuan, a premium of 51.08%

LightningPacketLoss · 2026-03-08T06:24:21+00:00

On March 6th, Hangzhou held its first land auction after the Spring Festival. Poly Developments won a plot in Shangcheng District with a bid of 3,223,940,000 yuan, with a floor price of 44,985,000 yuan per square meter, and a premium of 51.08%. The plot covers approximately 32,576 square meters, has convenient transportation, and is near the Grand Canal and Metro Line 4.

LightningPacketLoss

2026-03-08 06:24:21

Abstract generation in progress

On March 6, Hangzhou hosted its first land auction for residential land after the Spring Festival. After 109 rounds of bidding, Poly Developments won the SC080201-27 land parcel in Chengdong New City, Shangcheng District, with a bid of 3,223.94 million yuan, resulting in a floor price of 44,985 yuan per square meter and a premium rate of 51.08%. The land parcel covers an area of 32,576 square meters, with a planned construction area of 71,667.2 square meters and a plot ratio of 2.2. The site has obvious advantages, being adjacent to the Beijing-Hangzhou Grand Canal and Mai Miao Port water systems, about 500 meters from the Xinfeng Station on Metro Line 4. Within a 3-kilometer radius, there is also Hangzhou East Railway Station, a major national transportation hub, forming a three-dimensional transportation network of “subway + high-speed rail,” making transportation extremely convenient.

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