Nearly 200 apartments sold out overnight

SHANGHAI - Nearly 200 apartments in Hangzhou in East China's Zhejiang province sold out overnight on Monday - another signal that property in urban China continues to be in hot demand.

The 188 apartments, developed by Hong Kong-listed Greentown China Holdings Ltd, are between 230 and 330 sqare meters, and have an average price of 45,000 yuan ($6,600) per sq m, said an unnamed sales representative of the company. They sit in the heart of New Town Qianjiang, just a few blocks away from Qiantang River, where Hangzhou's future central business district will be built.

Greentown China would not confirm the apartments sold out overnight.