Core Viewpoint - The article discusses the recent land auction in Hangzhou, where five plots were sold at a total price of 5.4 billion yuan, all at the base price, indicating a cooling market for high-value residential land [2][14]. Summary by Sections Land Auction Overview - On November 25, Hangzhou auctioned five plots of land, totaling 5.4 billion yuan, with three residential plots accounting for 4.33 billion yuan and two commercial office plots for 1.07 billion yuan [2]. Detailed Analysis of Residential Plots - **Future Technology City Plot**: - Sold for 1.8 billion yuan, with a floor area ratio of 1.05 and a floor price of 35,000 yuan/m². The plot is notable for its scenic views and proximity to a planned subway station, but faces challenges with surrounding infrastructure [5]. - **Shiqiao Unit Plot**: - Acquired by Vanke and Hangzhou Anju for 1.01 billion yuan, with an average floor price of 15,000 yuan/m² and a floor area ratio of 2.0. The plot is strategically located near major transportation and educational resources, though it may experience noise issues from nearby facilities [8]. - **Zhuantang Unit Plot**: - Sold for 1.52 billion yuan, with a floor price of 16,000 yuan/m² and a floor area ratio of 1.7. This plot is situated in a prime area with good access to public transport and medical facilities, but surrounding new housing projects have mostly sold out [10][11]. Market Trends and Insights - The article notes that high-value residential land sales have decreased in frequency, with only seven instances of total sales exceeding 1 billion yuan in the second half of the year compared to twenty in the first half. This trend reflects a broader cooling in the market, with recent plots facing unique challenges that led to their sale at base prices [14].

Group 1 - The largest land auction in Shanghai this year took place, involving 6 residential plots with a total starting price of 19.25 billion yuan [1] - The auction included high-demand plots in Yangpu and a large combined plot in Baoshan, with the results expected to influence the local real estate market [1][2] - Poly Developments won the Minhang Zhuangqiao residential plot for 3.14 billion yuan, with a premium of 12.95%, resulting in a floor price of 38,875 yuan per square meter [1] Group 2 - The Qingpu Xujing plot, acquired by Dahua Group at a base price of 3.05 billion yuan, has a floor price of 26,843 yuan per square meter and is located near the metro line [1][2] - The Baoshan "giant" plot, won by China State Construction Engineering Corporation with a premium of 1.16%, includes approximately 210,000 square meters of residential space and a commercial building with a height requirement of 250 meters [3] - The auction results indicate a potential increase in competition and market activity in the respective districts, particularly in areas with limited new supply [2][3]