Hangzhou has sold more land than any other mainland Chinese city since 2016. Photo: Shutterstock

Hong Kong’s New World Development takes advantage of Hangzhou land price curbs, wins plot for 9.8 billion yuan

  • Hangzhou is selling land for as little as only 4 per cent above starting bids, as it works to keep prices down and cool its housing market
  • Six sites sold on Monday did not reach their capped tender prices
Topic |   China property

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Hangzhou has sold more land than any other mainland Chinese city since 2016. Photo: Shutterstock
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