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Binjiang Group: Subsidiary Consortium Wins 1.3B Yuan in Hangzhou Land Parcel Auction
Ruisi Network News: On April 8, Binjiang Group announced that on April 8, 2026, its wholly-owned subsidiary Hangzhou Binyu Real Estate Development Co., Ltd. and Hangzhou Xingyao Real Estate Development Group Co., Ltd. jointly won the land use rights for Hangzhou City Hangzheng Storage No. [2026]11 land parcel, a state-owned construction land. The total land price is 1.3B yuan, with planned uses for residential and commercial purposes. The land area is 45,310 square meters, with a plot ratio of 2.14. The company’s equity stake in the project is 49%, which may change.