Property News · March 7, 2017

China’s city land sales surge 73 per cent despite cooling measures


China’s land sales in 50 major cities surged 73 per cent in the first two months of 2017 despite a raft of measures rolled out in a bid to cool the red-hot property market.
Fifty city governments received a total of 452.8 billion yuan (US$65.6 billion) from land auctions during January and February this year, up from 262.5 billion yuan in the same period of 2016, Centaline Property data shows.
Second-tier cities including Wuhan in Hubei Province, Hefei in Anhui Province and Nanjing in…

Source : South China Morning Post
Read more…China’s city land sales surge 73 per cent despite cooling measures

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