Property News · March 8, 2022

Beijing latest Chinese city to report improved land sales, rising property sector sentiment


China’s land sales reported a slight recovery last month following the introduction of easing measures across the country.Beijing, which finished its first round of land sales on February 16 and 17, fetched 48 billion yuan (US$7.6 billion), or 73 per cent more than the third round last year. Land in China can only be sold three times a year, according to a centralised scheme introduced by the central government in early 2021.“We saw fewer plots withdrawn and an increase in premiums, which…

Source : South China Morning Post
Read more…Beijing latest Chinese city to report improved land sales, rising property sector sentiment

You may also like...