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Beijing to See Land Supply Increase

  • Writer: Admin
    Admin
  • Jan 5, 2018
  • 1 min read

Beijing government will increase land supply in the coming month. The city will sell 23 land lots for residential use to property developers from Jan. 4 to Feb. 6, state-owned Xinhua reported citing local financial media.

The total construction area of the land will exceed 3 million square meters, larger than the same period in any previous year.

With non-residential land included, a total of 26 lots will be sold during the period, with a combined value estimated at over 70 billion yuan (USD10.8 billion ), it said citing data from property agency.

Last year, Beijing saw 91 residential lots enter the market, with a construction area totaling 12.3 million square meters, 9.8 million square meters more than the previous year, according to the report.

 
 
 

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