Greentown China won the Kangqiao unit residential land with a premium of 40.33%, setting a new record for the floor price in the area.

On May 29, Hangzhou launched one commercial-to-residential land parcel with a total starting price of 980 million yuan and a starting floor price of 16,893 yuan per square meter. Eventually, Greentown China went through 46 rounds of bidding and added 1.37 billion yuan to replenish, with a premium rate of 40.33%, and a final floor transaction price of 23,707 yuan per square meter, setting a new record for the core area of the Canal New City. High Court Life, the executive vice president of the Central Research Institute of China, said that the surrounding area of the land parcel had previously experienced low and medium subscription rates for limited-price projects, indicating a expectation of price increase, with the future price of new homes expected to be between 36,000 and 40,000 yuan per square meter.