news flash·2025-07-29 07:27Core Viewpoint - The recent land auction in Hangzhou generated a total revenue of 50.35 billion yuan from the sale of three plots, indicating strong demand in the real estate market despite economic fluctuations [1] Group 1: Auction Details - The land auction took place on July 29, featuring three plots located in Xihu District, Gongshu District, and Linping District, with a total area of 267 acres and a total construction area of 344,000 square meters [1] - The starting price for the auction was set at 46.1 billion yuan [1] Group 2: Winning Bids - The plot in Gongshu District (GS130201-56) was won by Hangzhou Weixing Xingchen Real Estate Co., Ltd. for a total price of 19.13 billion yuan, with a floor price of 19,600 yuan per square meter and a premium of 28.13% [1] - The plot in Xihu District (XH010101-14) was acquired by a consortium including China Resources, Hangzhou Investment, and Hangzhou Metro for 26.85 billion yuan [1] - The plot in Linping District (LP070103-2) was won by Hangzhou Guoda Real Estate for 4.37 billion yuan [1]