---
title: "Rundi won a residential land in Xiangqi, Binjiang District, Hangzhou for nearly 4 billion RMB, with a premium rate of 46.83%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282127512.md"
description: "China Resources Land's Shanghai Hongzhe Real Estate Development Co., Ltd. won the bid for a residential land parcel in Hangzhou's Binjiang District for approximately RMB 3.951 billion, with a transaction floor price of RMB 41,108 per square meter and a premium rate of 46.83%, setting a new record for land prices in the area. The land parcel has a transfer area of 38,442 square meters and a planned construction area of 96,105 square meters, with a starting price of RMB 2.691 billion and a starting floor price of RMB 27,997 per square meter"
datetime: "2026-04-09T03:17:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282127512.md)
  - [en](https://longbridge.com/en/news/282127512.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282127512.md)
---

# Rundi won a residential land in Xiangqi, Binjiang District, Hangzhou for nearly 4 billion RMB, with a premium rate of 46.83%

According to domestic media reports, China Resources Land (01109.HK) has successfully acquired the "Xiangqi Fang residential land" in Hangzhou's Binjiang District for a total price of approximately RMB 3.951 billion. The land transaction price per square meter is RMB 41,108, with a premium rate of 46.83%, setting a new record for land prices in the sector.

It is reported that the "FG04-R21-B22" plot in the Xiangqi Fang unit of Binjiang District is designated for residential use, with a transfer area of 38,442 square meters, a planned construction area of 96,105 square meters, and a floor area ratio of 2.5. The starting price was approximately RMB 2.691 billion, with a starting floor price of RMB 27,997 per square meter

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