Land prices and transaction volumes both declined on a monthly basis in Chinese cities amid a sluggish market last month, a research institute said Sunday.
The China Index Academy (CIA), a Beijing-based company that studies China’s property market, said in a report that the average floor price for residential land in 133 Chinese cities currently being monitored by the institution declined 9 percent to 1,619 yuan (253 U.S. dollars) per square meter in August……………………………………….Full Article: Source