On May 29, 2018, Vanke and Canhigh Joint Venture Co., Ltd. laid out Hangzhou West Science and Technology Innovation Corridor, officially signed a contract to become a shareholder of the Linzhong West Plot in Zhulin Village, Jinbei Street, Linan won by Zhongtian Real Estate, and determine the cooperative development. The total land area of this plot is about 63,000 square meters, with a total capacity of about 140,000 square meters and a plot ratio of 2.2.The floor price is RMB 10,127 per square meter.
The project occupies the core area of the main urban area of Lin’an, very close to Tiaoxi River, the Mother River of Lin’an. It is planned to build high-rise and foreign-style house, aiming to create modern high-end residential areas along Tiaoxi River in Lin'an. The surrounding environment of the project is excellent with mature supporting resources such as business, education and medical treatment. It is 1 kilometer from Lin'an Plaza Station of Hangzhou Lincheng Railway. It is expected to transfer with metro line 5 after completion in 2019, so the transportation is very convenient.
In the past two years, Lin’an has successively introduced favorable policies such as turning city into district and the grand Chengxi science and innovation corridor, which have brought more opportunities to Lin’an. The planned area of Grand Chengxi Science and Technology Corridor is 224 square kilometers, which is much larger than the Hangzhou Economic and Technological Development Zone (Xiasha) and Hangzhou National High-tech Development Zone (Binjiang). Its planning and construction is led by provincial Party committee and provincial government, which is very rare in the history of Hangzhou urban construction. The science and innovation industries created by the region will be the solid support for the economic development. The rapid upgrading of plate positioning and industry-led development concept bring huge strategic benefits to the real estate market in the region.

