Hangzhou Gongshu Residential Plot Sells for RMB 1.537 Billion After 9 Bids
A residential plot in Gongshu district, Hangzhou, was sold on 17 September 2026 for RMB 1.537 billion after nine rounds of bidding. The site covers 49,566 square metres with a planned gross floor area of about 94,200 square metres and a floor area ratio of 1.9. The starting price was RMB 1.447 billion, or RMB 15,363 per square metre, and the winning bid equalled RMB 16,319 per square metre, a premium of 6.22%.
A residential land parcel in Gongshu district, Hangzhou, was offered for sale on 17 September 2026. The plot has a site area of 49,566 square metres, a planned gross floor area of approximately 94,200 square metres and a floor area ratio of 1.9. Its starting price was RMB 1.447 billion, equivalent to a starting floor price of RMB 15,363 per square metre.
After nine rounds of bidding, a consortium formed by Zhongtian and Haiwei won the plot for a total of RMB 1.537 billion. The transaction floor price was RMB 16,319 per square metre, representing a premium rate of 6.22%.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Residential Development, with intensity 40/100 and 70% confidence over a short term horizon.
Residential Development
- Direction
- positive
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Short term
Building Construction
- Direction
- positive
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.