The intense 291-round auction pushes the unit price of the residential land in the city’s Nanshan Science and Technology Park past a previous peak set in 2025, highlighting state developers’ appetite for scarce premium assets
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Chinese real estate giant Poly Property Group Co. Ltd. has won the bid for a residential parcel in Shenzhen’s high-tech hub for about 5.8 billion yuan ($856 million), setting a record unit price for the city’s residential land sales.
Fierce bidding for select plots in Beijing, Shanghai and Hangzhou masks a five-year low in land purchases by major developer
Real estate transactions and prices in megacities like Shenzhen and Shanghai are rebounding, though a nationwide recovery remains…
Real estate transactions and prices in megacities like Shenzhen and Shanghai are rebounding, though a nationwide recovery remains…
Mainland China property tycoon reaps 86 per cent gain on 2010 investment, following another sale in the same project that netted…
Eager to speed up the development of the Northern Metropolis, government takes into consideration market conditions, according to…
Consortium takes over collapsed private project, underscoring Beijing’s push to deal with distressed real estate assets
