Hangzhou's land auction received 1.898 billion yuan, with Xifang and Binjiang Group each obtaining a piece of land.

On July 22nd, Hangzhou auctioned off two residential land parcels in Gongshu District and Liangzhu East District, with a total land area of 76 acres, a total construction area of 112,000 square meters, and a total starting price of 1.52347 billion yuan. In the end, the total revenue from the land auction in Hangzhou was 1.89847 billion yuan.