Core Points - The Hangzhou Municipal Planning and Natural Resources Bureau announced the public auction of two plots of state-owned construction land, with a starting total price of 611.31 million yuan, designated for residential use with supporting public facilities, set to officially auction on August 9, 2025 [1] Group 1: Land Auction Details - Two plots are located in Qiantang District and Lin'an District, with the auction conducted through open bidding, following the principle of "highest bidder wins" [1] - The Qiantang District plot (QT010110-20) has an area of 19,304 square meters, designated for residential use with a building area of 27,025.6 square meters, starting price of 43.241 million yuan, and a bidding deposit of 8.648 million yuan [2] - The Lin'an District plot (LA200306-07) covers 59,953 square meters, also for residential use with a building area of 68,946 square meters, starting price of 178.90 million yuan, and a bidding deposit of 35.78 million yuan [2]