Beijing Land Sale: Low Premium, Priced Below Surrounding Property

Beijing auctioned two plots of land in Fangshan on February 16. They sold out in 21 minutes, with premiums of 10.7 and 9 percent.

The plots limit the highest price of only 40,944 yuan / square meter, compared to the surrounding project price about 20% lower, these projects limit the success of residential sales, will undoubtedly have a certain impact on the region's current price system

iFeng: 北京土地市场降温了？21分钟低价拍出房山2宗地