Land prices vary in first, second and third tiers

09:32, October 20, 2010      

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As the country whips down on property speculators, land prices in first-tier cities continue to drop, while in second and third tier-cities, the prices seem to have soared during the third quarter of 2010, released the China Land Surveying and Planning Institute (CLSPI) Monday.

During the period (third quarter), land prices in cities like Shi Jiazhuang, Baoding, Kunming, Yichang, Haikou and Taian were up more than 5 percent; and in some other cities such as Shenzhen, Jiujiang, Zhongshan, Shanghai and Beihai, the rates reached 20 percent.

The average cots of a square meter in the 105 monitored cities nationwide was of 2,805 yuan ($421.9) by the end of the third quarter- a slight rise compared with the same period last year, according to the CLSPI

As for the fourth quarter, experts say that due to the country's adjustment policy in the real estate market, land prices will remain at a comparatively stable level.

Source: Global Times


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