ecns [expanded by feedex.net]: Land revenue in Beijing rises 265 percent

ecns [expanded by feedex.net]

ecns

Land revenue in Beijing rises 265 percent
http://www.ecns.cn/business/2013/08-02/75807.shtml
Aug 2nd 2013, 07:15

2013-08-02 16:15 chinadaily.com.cn


Revenue from land sales in Beijing in the Jan-July period soared 265 percent over the same period last year, a leading real estate agency said.


Revenue hit 87 billion yuan ($14.19 billion), according to Centaline Beijing. Revenue in the first seven months was 1.34 times that of the entire revenue in 2012.


A land plot in a Beijing suburb last Tuesday was sold for 2.36 billion yuan to COFCO Property (Group) Co.


That implies a price of about 46,000 yuan a square meter, a record high in the capital.





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