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Real Estate Briefing - Categorized | Developers, Market Moves more

Beijing real estate market warming up

Posted on 18 July 2012

Real estate developers’ appetite for land bids seems to have recovered, as home sales grew in the Chinese capital more than one year after unprecedented tightening policies were introduced to control the property market, market analysts said.
Two land bids hit high points on Tuesday. In the southern suburb of Daxing, a 53,870-square-meter plot was auctioned for 2.2 billion yuan (about 346 million U.S. dollars), according to the Beijing Land Reserve Center, a government body in charge of public land management………………………………………..Full Article: Source


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