---
title: "A piece of land in Hangzhou was sold for 3.224 billion yuan with a premium rate of 51.08%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278030339.md"
description: "A residential land in Hangzhou's Shangcheng District was sold for 3.224 billion yuan, with a premium rate of 51.08%. The land area is 32,576 square meters, with a planned construction area of 71,667.2 square meters. The starting price was 2.134 billion yuan, and after 109 rounds of bidding, it was ultimately won by Zhejiang Poly City Development Co., Ltd., with a transaction floor price of 44,985 yuan/square meter"
datetime: "2026-03-06T05:31:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278030339.md)
  - [en](https://longbridge.com/en/news/278030339.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278030339.md)
generator: "portal-rs"
---

# A piece of land in Hangzhou was sold for 3.224 billion yuan with a premium rate of 51.08%

Hangzhou sold a piece of residential land in Shangcheng District, with a land transfer area of 32,576 square meters, a planned construction area of 71,667.2 square meters, a floor area ratio of 2.2, and a starting price of 2.134 billion yuan, with a starting floor price of 29,776 yuan/square meter. After 109 rounds of bidding, Zhejiang Poly City Development Co., Ltd. (PDH) won the land with a total price of 3.224 billion yuan, with a transaction floor price of 44,985 yuan/square meter and a premium rate of 51.08%

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**