Hangzhou Binjiang Real Estate Group (SHE:002244) acquired the land use rights for a residential site through public bidding.
The Hangzhengchuchu [2025] No. 92 parcel spans 36,496 square meters, with a total land cost of about 1.53 billion yuan, according to a Wednesday filing with the Shenzhen bourse.
Shares of the company rose 1% in recent trade.
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