Demand for plots of land in China’s capital has remained strong over the first few weeks of the year with the city leasing over 40 billion yuan worth of land over the first 7 weeks of the year, according to a report in the China News Service.
Three more plots of land were leased to property developers for a total of 3.6 billion yuan on Tuesday.
China News Service quoted unnamed industry players as saying developers are returning to first-tier cities in a bid to reduce risks and are no longer as interested in leasing plots in third- and fourth-tier cities, many of which are experiencing high levels of oversupply.
Author
Quick Summary
Beijing has leased over 40 billion yuan worth of land over the first 7 weeks of the year.
Associated image
Media
Categories
Primary category
Status
Published