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Article: HIGH LAND PRICES PEP UP CHINA'S REALTY MARKET.
- Article from:
- AsiaPulse News
- Article date:
- June 10, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, June 10 Asia Pulse - With property prices in major Chinese cities beginning to perk up, the land transaction market touched a new high in May, thanks to realtor's improved cash flow, loosening credit environment and lesser worries of inflation.
Last month, land sales in Beijing exceeded the total amount sold from January to April.
According to Beijing land reserve center, 28 parcels of land, with a floor space of 1.68 million sq m, was sold in May, among which 10 pieces, or 1.01 million sq m, are for residential purposes. That represents a 91 per cent growth over the previous month.
In mid-May, Hong Kong-based Hang Lung Properties Ltd ...