After the purchase restrictions were completely lifted, the first local auction in Hangzhou came to an end peacefully — on May 14, the fifth batch of concentrated land concessions in the urban area began. A total of 4 residential lots were involved, all of which were low-density plots, located in the Xingqiao Unit in Linping District, the Dongwan New Town Unit in Qiantang, and the Yinhu and Lushan sections in Fuyang District. The total sale area is 267,400 square meters, the total construction area is 356,500 square meters, and the starting total price is 3,894 million yuan. The auction is based on the principle that the higher price wins, not limited to housing prices. In the end, all 4 parcels of land were sold at the reserve price. On the 9th, Hangzhou completely lifted real estate purchase restrictions after a lapse of nearly 8 years. “This batch of land was announced before the new deal, and they are all located in the suburbs or suburbs. Under the current situation where housing companies are cautious about acquiring land, the popularity is expected to be sluggish, and there is almost no connection with the policy.” Ding Jiangang, director of the Zhejiang News Media Real Estate Research Institute, said on the 14th, however, that the new policy requires dynamic adjustment of the scale and pace of residential land supply according to the supply and demand situation in the housing market to “optimize the land supply model and promote the balance between supply and demand”. It is not ruled out that subsequent officials will increase the confidence of enterprises in land acquisition through accurate land supply or optimization of the land supply structure. (Surge News)