Property News · November 27, 2018

Beijing scores US$4.5 billion in record land sales after easing controls to prop up property market


The Beijing government’s partial easing of controls on the property market has helped it score record land sales in a single day.
Twelve out of 13 land sites were successfully auctioned off by the Beijing Municipal Commission of Planning and Natural Resources on Monday, earning a total of 31.6 billion yuan (US$4.55 billion) for the city government, and the highest single day record in history.
One of the 12 sites was sold at a 49.3 per cent premium over the starting price, with the…

Source : South China Morning Post
Read more…Beijing scores US.5 billion in record land sales after easing controls to prop up property market

You may also like...