Hangzhou Land Auction | Poly Developments acquires Qianjiang Century City plot for 1.586 billion yuan

On March 10th, after 23 rounds of bidding, Poly Developments won the core unit XS010401-09 in Qianjiang Century City, Hangzhou, with a bid of 1,585.78 million yuan. The floor price was 38,084 yuan per square meter, with a premium rate of 16.11%. The land parcel covers approximately 34.7 acres, with a maximum plot ratio of 1.8, serving as a pilot project for improving residential quality in the city. The site is about 500 meters from Xingyi Station on Metro Line 7 and within a 2-kilometer radius of amenities such as Olympic Impression City, Jindi T-ONEMO Commercial Complex, Chongwen Century City Experimental Primary School, Wenyuan Middle School, and Zhejiang University Second Hospital Boyao Campus.