Shanghai government is offering six more parcels of land for rental home development, increasing the pace of land supply in a bid to rein in skyrocketing property prices.
The six plots put up by the municipal government for sale this week total 166,300 square metres with a combined starting bid price of 1.94 billion yuan (US$294 million). This brings the total land supply for residential leasing development since July 24, when the first such land was offered, to 1.26 million square metres or 28…
Source : South China Morning Post
Read more…Shanghai steps up land supply for rental home development to bring property prices under control















