Shanghai tops in land sales revenue for Jan-Sept

15:27, November 04, 2009      

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The municipal government of Shanghai gained 65.2 billion yuan ($9.55 billion) from selling land in the first three quarters of this year, local newspaper Oriental Morning Post reported today, citing a research report by the Centaline Property Limited Agency.

Centaline Property surveyed land sales in seven cities, including Beijing, Guangzhou, Shenzhen, Chongqing, Tianjin, and Hangzhou, in addition to Shanghai.

Beijing ranked second in land sales in the first nine months of this year, with revenue of 57.1 billion yuan. Tianjin, half an hour away by train from Beijing, ranked third, gaining 40 billion yuan.

Source:chinadaily.com.cn
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