Hangzhou real estate market warms up: second-hand housing "price increase" leads, new "land king" emerges from land auction

After the release of a package of new real estate policies in October this year, Hangzhou's housing market has experienced a surge in home purchases—second-hand housing transaction volume has reached a historical high, and prices have stabilized; the new housing market continues to see red-hot sales, with enthusiasm for "new home lotteries" rising; the land market has seen new "land kings" (local real estate company Binjiang Group secured the land parcel of the Olympic Sports Center in Xiaoshan District), with the highest premium rate exceeding 64%. Recently, the National Bureau of Statistics released housing price data for 70 cities, showing that Hangzhou's second-hand housing price increase is quite noticeable, with a month-on-month increase of 0.8 percentage points, ranking second among the 70 cities, second only to Beijing. (Yicai)