Property News · June 6, 2017

Land prices soar 800 per cent in Chinese backwater where Xi Jinping started his political career


As many as 25 Chinese property developers, including big-name players such as Vanke, China Poly, Evergrande and Country Garden engaged in fierce bidding for six plots in the town in which Chinese President Xi Jinping had worked in the 1980s – a bit of history that has helped drive up local land prices more than 800 per cent since last December.
According to local state radio, the most expensive plot in Zhengding, a district of the Hebei provincial capital city of Shijiazhuang, was priced…

Source : South China Morning Post
Read more…Land prices soar 800 per cent in Chinese backwater where Xi Jinping started his political career

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