Date
22 August 2017

Hangzhou land sales set monthly record, paper says

Hangzhou in Zhejiang province has reaped 29.85 billion yuan (US$4.93 billion) from the sale of 22 downtown sites so far this month, setting a new monthly record, National Business Daily reported Tuesday, citing data from real estate website tmsf.com. The amount is 4.12 billion yuan more than that in January last year and higher than the previous monthly record of 25.7 billion yuan set in September. The blocks have a combined buildable area of 2.85 million square meters. City authorities plan to sell 30 sites for residential use and 43 for commercial projects this year, the report said.

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