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Real Estate Briefing - Categorized | Emerging Trends, Investment more

Beijing’s new hot property hits the market

Posted on 28 November 2012

The Beijing Municipal Bureau of Land and Resources on Tuesday listed a residential land parcel in the Chaoyang district for auction, setting the opening price at 2 billion yuan ($320 million) or 33,800 yuan per square meter of gross floor area (GFA), a new high for this year.
The land, which could be the capital city’s newest hot property after it is traded, covers a site area of 28,100 square meters, 25,200 square meters of which are available for real estate development, with planned GFA of 59,000 square meters. The auction date is set on December 29, 2012………………………………………..Full Article: Source

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