Hengqing Real Estate wins the land parcel in Yongkang City, Jinhua, with a bid of 351 million yuan

**Viewpoint.com News: **On March 31, Yongkang City, Jinhua, Zhejiang, successfully auctioned out 1 residential land parcel. Yongkang Hengqing Real Estate Development Co., Ltd. won the bid with a total price of 35100 million yuan.

According to publicly available information, this transaction land parcel is the Yongkang City Dongcheng Subdistrict Jinta Road Block A-9 parcel. The成交 (transaction) floor price was 7499 yuan per square meter, and the premium rate was 0.29%.

The land parcel was offered with a conveyance area of 29,254.04 square meters, a floor area ratio of 1.6, and an intended total above-ground construction area of about 468,000 square meters, including supporting commercial space of no more than 2,600 square meters. The land parcel’s starting price was 35,000 million yuan, and the starting floor price was 7,478 yuan per square meter.

Planning requirements show that the plot’s building density must be controlled within 22%, and the building height must not exceed 54 meters. The land parcel may not be planned for standalone residential buildings or private estates; if it is developed in a townhouse format, it should be three-unit (or more) and the divided units must not be less than 80 square meters.

Disclaimer: The contents and data in this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.