Binjiang Group(SZ:002244) 证券时报·2025-06-27 08:30Core Insights - The article highlights the robust performance of the residential land market in Hangzhou, with all six plots sold on June 27 achieving over 20% premium, and three plots exceeding 50% premium, indicating strong demand and competition among developers [1][5][10]. Summary by Sections Hangzhou Land Auction - On June 27, six residential plots in Hangzhou were auctioned, with a total transaction amount of 15.115 billion yuan. The highest premium rate reached 67.6%, and the average premium rate for all plots was 30.5% [1][5][10]. - The total area of the six plots was 178,983 square meters, with a total planned construction area of 388,218.2 square meters and an initial price of 11.585 billion yuan [5]. Notable Plots - The most notable plot was in the core area of Xihu District, with a land area of 36,572 square meters and a planned construction area of 102,401.6 square meters. It was sold for 5.578 billion yuan, resulting in a floor price of 54,473 yuan per square meter, marking the fourth highest in Hangzhou [5][10]. - Another significant plot in Xihu District had a premium rate of 67.6%, with a final transaction price of 1.103 billion yuan and a floor price of 29,330 yuan per square meter [5][6]. Market Trends - According to statistics from the China Index Academy, the total transaction amount for residential land in Hangzhou in the first half of the year reached 116 billion yuan, nearing the total for the entire previous year [2][9]. - The auction results indicate a cautious approach from developers in high-starting-price areas, while local and national developers are actively replenishing their land banks to strengthen their market presence [10].