Poly won the core unit land parcel of Hangzhou Xiaoshan Century City with a premium rate of 16.1% for 15.86 billion yuan.

In the land auction held in Hangzhou today, after 23 rounds of bidding, an enterprise under Poly Development won the residential land in the core unit XS010401-09 of Xiaoshan District Century City at a price of 1.586 billion yuan, with a transaction floor price of 38,084 yuan per square meter and a premium rate of 16.1%.