Property News · September 5, 2018

China’s land auction premiums drop to lowest levels in over three years


China’s land market continued to cool in August as developers remained cautious over the outlook for the nation’s property sector.
The average land auction premium over starting bidding prices in 40 major Chinese cities monitored by E-house China R&D Institute fell to 17.3 per cent – its lowest level since June 2015, during the last property downturn, and compared with 38.2 per cent a year ago.
Average land sale prices also dipped by 2.9 per cent from July to 4,472 yuan (…

Source : South China Morning Post
Read more…China’s land auction premiums drop to lowest levels in over three years

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