YUEXIU PROPERTY(HK:00123) Mei Ri Shang Bao·2025-09-18 02:47Core Insights - The first land auction in Hangzhou during the "Golden September and Silver October" period successfully sold two residential plots for a total of 2.12289 billion yuan, with developers Yuexiu and Xingyao acquiring the land [1] Group 1: Land Auction Details - The auction saw increased interest, particularly for the residential land in the Yunhe New City, which had a premium rate of 25.47% [1][2] - The 105th plot in Yunhe New City was sold for 1.33007 billion yuan, translating to a floor price of 20,490 yuan per square meter after 28 rounds of bidding [2] - The plot covers an area of 34,165 square meters with a low plot ratio of 1.9, and is located near key amenities such as schools and hospitals [2] Group 2: Competitive Landscape - In 2023, five residential plots have already been sold in Yunhe New City, with previous sales by developers including Binjiang and Greentown, indicating a competitive market [3] - The 40th plot acquired by Binjiang had a floor price of 17,090 yuan per square meter, while Greentown's 62nd project had a higher floor price of 23,707 yuan per square meter [3] Group 3: Xingyao's Expansion - The 106th plot in the Xia Sha Medical Port area was sold to Xingyao for 792.82 million yuan, with a floor price of 9,773 yuan per square meter and a low premium rate of 1.28% [4] - This acquisition marks Xingyao's further expansion in the Xia Sha area, which has not been a focus for land supply recently [4] - The last land sale in this area occurred in 2022, indicating a potential shift in development strategy for the region [4]