Core Insights - In the first nine months of 2025, Zhejiang Province recorded a total of 929 land transactions, with 239 of these being residential land, totaling a construction area of 14.42 million square meters and generating a total revenue of 191.75 billion yuan, with an average floor price of 13,298 yuan per square meter and an average premium rate of 23.4% [1][4] Land Market Overview - The land market in Zhejiang Province continues to be dominated by Hangzhou, which accounts for over 60% of the total land transaction value, while no other city exceeds 10% [1] - Among the 11 cities in the province, 7 cities have not yet reached half of their total land transaction value from the previous year [1] Real Estate Companies - The top nine real estate companies in Zhejiang Province for land acquisition in the first three quarters of 2025 remained unchanged from the previous month, indicating a cautious investment strategy among leading firms in a low market environment [4] - Notably, Yuexiu Real Estate moved from 21st to 10th place in the land acquisition ranking, highlighting that some companies are still seizing structural opportunities to increase their holdings [4] Land Acquisition Rankings - The top real estate companies by land acquisition amount in Zhejiang from January to September 2025 are as follows: - Binjiang Real Estate: 341.3 billion yuan, 1.059 million square meters [5][7] - Greentown: 248.7 billion yuan, 1.171 million square meters [5][7] - Poly Developments: 130.5 billion yuan, 505,000 square meters [5][7] - Jianfa: 101.7 billion yuan, 394,000 square meters [5][7] - China Overseas: 84.9 billion yuan, 229,000 square meters [5][7] - Jindi: 62.1 billion yuan, 224,000 square meters [5][7] - Zhongyu: 43.6 billion yuan, 449,000 square meters [5][7]