Property News · April 12, 2017

Beijing municipal government revises up land supply plan


The Beijing government over the weekend revised up its land supply plan, but to a level that’s not as large as the headline figure suggests, raising doubts whether the actual supply will be enough to rein in home prices.
In its residential land supply plan for the five years to 2021 the municipal government has promised to provide 6,000 hectares that could translate into a total of 1.5 million homes, or 1,200 hectares with 300,000 units per year.
This is almost twice the size of a…

Source : South China Morning Post
Read more…Beijing municipal government revises up land supply plan

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