| A land parcel sold at a record high price for the year in Shanghai’s property market on Tuesday, signaling China’s warming property market. The land parcel, adjacent to the Shiliupu Dock area in downtown Huangpu District, was sold for 2.77 billion yuan ($445 million), which equates to 36,000 yuan per square meter.
In the same day, the Beijing Municipal Bureau of Land and Resources listed a residential land parcel in the Chaoyang district to be auctioned, setting the opening price at 2 billion yuan ($320 million) or 33,800 yuan per square meter of gross floor area, a new high for this year...............................................Full Article: Source
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