CHINAEUROPE AFRICAASIA 中文双语Français
Business\Industries

Land sales surge in major Chinese cities in first quarter

Xinhua | Updated: 2017-04-05 10:49

BEIJING - Sales of land for residential projects almost doubled in China's first-tier cities during January-March, according to the latest data released by China Index Academy, a property research organization.

Land sales in major cities, like Beijing, Shanghai and Guangzhou, totaled 5.08 million square meters in the first quarter, an increase of 98 percent from a year ago, the highest level over the past two years.

Surging land sale is part of the government's efforts to cool down the runaway housing prices in major cities where huge demand and limited supply pushed prices to record high.

Major Chinese cities are taking fresh measures including increased minimum deposits for second-home buyers, adding to the slew of steps taken since October in dozens of cities to prevent home prices from rising out of control.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US