Latest News:  
Beijing   Sunny    26 / 12 ℃  City Forecast

English>>China Business

Beijing's Sept. land sales second highest on record


10:53, October 01, 2012

BEIJING, Sept. 30 (Xinhua) -- The Beijing municipal government netted 25.74 billion yuan (4.06 billion U.S. dollars) in land sales in September, the highest for a month since Dec. 2010, new data has revealed.

This took the city's land sales in the first nine months of this year up to 50.85 billion yuan, Sunday's Beijing News reported.

Eight plots of commercial land in Beijing were sold on Saturday for a total of 8.6 billion yuan.

Beijing has seen an increase in land deals since August along with obvious price rises, said Zhang Dawei, an analyst with Beijing-based Zhongyuan Real Estate.

The robust momentum, as demonstrated last week, shows that developers now have a "passion" for bidding for land, and the land market on the whole is heating up, according to analysts.

Hot land markets have also been seen in other major cities, including Hangzhou and Wenzhou, both in east Zhejiang Province.

The sector will continue warming and show a sharp spike in sales in the fourth quarter of the year, the Beijing News quoted Zhang as saying.

The country's property market has cooled significantly since the central government started to introduce measures to cap runaway prices in 2010.

But home prices have picked up in recent months following the central bank's move to slash interest rates to buoy the slowing economy, which grew at its lowest rate in more than three years in the second quarter of the year.


Leave your comment0 comments

  1. Name


Selections for you

  1. Flag-raising ceremony at Tian'anmen Square

  2. Chinese weapons arouse discussions

  3. The world in photos (2012.09.22-09.28)

  4. Full moon during mid-autumn festival

  5. What are these ??Can you guess?

  6. Collection of China's mooncake molds

Most Popular


  1. 'Economic war' with Japan unwise
  2. An end to the era of double-digit growth
  3. Human resources need more investment
  4. Japan should know facts rather than rhetoric prevail
  5. Be vigilant against resurgence of militarism in Japan
  6. Easy times gone for foreign firms in China
  7. Noda gov't in hot water as LDP eyes comeback
  8. White paper makes watertight case for Diaoyu claim
  9. Intl firms should learn from Chinese counterparts
  10. Aircraft carrier brings timely morale boost

What's happening in China

Travel peak around China during holiday

  1. Thousands at Tian'anmen Square for flag-raising
  2. Slim chances of survival for miners trapped
  3. Airlines hike overseas routes fuel surcharges
  4. Traditional festival celebrated on patrol ship
  5. Helicopters monitor expressway traffic

China Features

  1. More chances for Chinese, Canadian businesses
  2. Culture invasion? Starbucks kisses Buddha
  3. Public should enjoy more 'tourism benefits'
  4. Ancient villages face losing their souls
  5. Economic circles key to Sino-Japan relations

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture