Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Latest News
 Search News  Or
Land sales in 130 Chinese cities down 30% in Q1

Apr. 19, 2012 (China Knowledge) - Land sales in 130 Chinese cities plunged 30% year on year to 230.53 million square meters in the first three months of this year, due to low land purchase sentiment as a result of expectations of possible declines in property prices, according to a recent report released by China Index Academy.

During the period from January to March this year, the 130 cities auctioned 5,752 pieces of land, 24% less than in the same period of last year. The figure included 1,534 plots for residential properties that have a combined area of 69.21 million sq m, reflecting year-on-year decline of 46% and 51%, respectively.

The academy said that the average sales price of plots in the 300 cities also experienced decline, down 22% year on year or 20% quarter on quarter to RMB 788 per sq m of floor area. The average sales price of land for residential properties fell 12% year on year or 12% quarter on quarter to RMB 1,119 per sq m of floor area.

China's capital city Beijing saw its land sales revenue fall nearly 40% to RMB 9.67 billion in the first quarter from RMB 15.9 billion in the same period of last year, with average sales price dropping 25.8% year on year to RMB 2,706 per sq m of floor area.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved