First-Tier Land Sales Drop

Only Shenzhen saw land sales climb as other first-tier cities run out of empty land and buying restrictions take effect.
December 19, the Guangzhou Municipal People's Congress to consider and adjust the 2016 annual land transfer budget report, the application for the Guangzhou City, the level of state-owned land transfer revenue budget from 65.2 billion yuan at the beginning of the year reduced to 38.0 billion, less than 60% of the planned budget.

...According to the Centaline Property Research Center statistics show that first-tier cities in Shenzhen this year, only better performance, land sales revenue over the 2009-2015 annual maximum, the Beijing and Guangzhou land transfer gold fell to the bottom of the past few years the same period in history. Land transfer constraints and more and more constraints, is leading to land market data cooling the main reason. Many cities in order to avoid the king for the land has increased the restrictions.

Second-tier cities, as of December 26, Suzhou, Nanjing, Shanghai, Hangzhou, Tianjin, Hefei, Wuhan, Chongqing eight cities sold more than 100 billion yuan; Wenzhou, Guiyang, Yangzhou, Nanning, Shijiazhuang , Haikou, Luzhou and other three or four lines of the city's relatively good performance, the first 10 months land sale income close to or more than last year's level.

Caijing: 限制越来越多 北京广州土地出让金跌至近年来谷底

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