A standalone villa near the West Lake in Hangzhou was transacted at 288 million yuan, with a premium rate of 71.43%.

On October 10, Villa No. 23 in Tianyi Garden, East District of Hangzhou Jiuxi Rose Garden, known as "one of the top 10 luxury residences in Asia", was put up for public auction on the Ali Auction platform. The starting price was 168 million yuan, attracting a total of 5 buyers to participate in the bidding, with more than 55,000 views.

Four bidders competed for 228 rounds, and finally the bidder with the bidding number F2022 won the auction, obtaining Villa No. 23 in Tianyi Garden at 288 million yuan, with a premium rate of 71.43%.

Image source: Ali Auction

Jiuxi Rose Garden is a well-known low-density villa area in Hangzhou, adjacent to the West Lake Scenic Area, with a total area of about 474 mu and a floor area ratio of 0.32, consisting of more than 200 villas. The Villa No. 23 in Tianyi Garden auctioned this time has a construction area of about 629.39 square meters, plus a private garden of about 5 mu, with a total of 3 floors, and is not rented out at present.

According to Ali Auction, Jiuxi Rose Garden has seen multiple transaction records exceeding 100 million yuan in the second-hand housing market. At present, there are no villas for sale on the Ke platform, and the maximum listing unit price of low-rise townhouses is 59,800 yuan per square meter.

This article is from the WeChat official account "Times Finance APP", and is published by 36Kr with authorization.