Sales of Land for Residential Use Soar in Q1
(Beijing) – The value of land for residential use sold in the capital in the first quarter was more than 85 percent of the total for all of last year, a report by a real estate services company says.
DTZ said on April 9 that 19 plots of residential land were sold for 26.2 billion yuan in Beijing in the first three months of the year.
The company predicted that developers would continue buying land this year. It cited a Ministry of Land and Resources statement in March that said local governments should increase the supply of land for housing. The ministry also said the total supply this year should not be less that the average land supply over the last five years.
- Foreign Tech Firms Cast Wary Eye on Proposed Anti-Terror Law
- Market Cave-In
- China's Passport Selfies Service Hits a Snag
- China Unveils System to Insure Depositors If a Bank Fails
- Opportunity Knocks at New Infrastructure Bank
- Capital's Schools to Close When Air Pollution Gets Too Bad
- Slowly, China Prepares to Raise Retirement Age
- Caixin Suing Guo Wengui and Hong Kong Media
- The Euro Currency Pain Will Remain for Chinese Exporters
- Making an Exit
- Sign up to receive our free daily newsletter
- Kissinger: China, U.S. Must 'Lead in Cooperation'
- Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal
- Yuan and Gold: Old Enemies Should Finally Become Friends
- Reinventing the Bicycle in Beijing
- Caixin Pledges to Defend Hu Shuli's Reputation
- Saudi Aramco's Supply to China Potentially Doubling
- Confucius and the World He Created
- Who Is Prince Qing?
- Military-Linked Hospital Allows Fake Doctor to Practice
- Ex-Police Chief Held for Murder Said to Be Linked to Graft Case