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In the first half of the year, Beijing sold 21 residential plots for 34 billion yuan ($5 billion), according to data released by the China Index Academy. Photo: VCG
First-half residential land revenue in the Chinese capital falls sharply, reflecting a nationwide shift away from aggressive scale expansion
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In the first half of the year, Beijing sold 21 residential plots for 34 billion yuan ($5 billion), according to data released by the China Index Academy. Photo: VCG

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…

The intense 291-round auction pushes the unit price of the residential land in the city’s Nanshan Science and Technology Park…

Secondhand home prices in Beijing and Shanghai led April gains as bargain listings dried up and buyer confidence improved, though…

Sales of the top 100 developers plunged 36% in terms of value in November from a year earlier, according to data from China Real…