Property News · September 18, 2018

Beijing’s sluggish property market to face a glut with planned sale of 66 land sites in the ‘near term’


Beijing’s property industry is likely to face a glut as the government plans to sell more land sites that will offer at least two times the developable area available this year, an amount which could take the market two years to soak up.
The city’s land commission revealed that it will offer 66 plots that can be developed into 9.3 million square metres of gross floor area in the “near term” last Wednesday, weighing further on developers’ waning interest to buy land…

Source : South China Morning Post
Read more…Beijing’s sluggish property market to face a glut with planned sale of 66 land sites in the ‘near term’

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