Binjiang Group secures new residential land in Hangzhou for 1.36 bn yuan

Hangzhou Binjiang Real Estate Group Co. announced on December 2, 2025, that it has successfully bid for the state-owned construction land use rights for a new parcel designated for residential use.

The plot has a construction land area of 26,008 square meters and a floor area ratio of 2.5. The total acquisition price for this land stands at 1,361,190,000 yuan. The company currently holds 100% equity in this land acquisition, though it noted that the equity proportion in the project might change, and this initial figure is provided solely for investors' reference.

This acquisition expands Binjiang Group's portfolio with a new residential project, aligning with its strategic development plans.