China Land Sale Boom Going Strong

In addition to rising home prices, land sales are going gangbusters.

iFeng: 2017年前4月全国卖地收入逼近9000亿
According to the China Index Research Institute data, 2017 as of April 25, 300 cities nationwide land sales income of more than 858.966 billion yuan, up 51%, the average premium rate of 51%.

...Centaline chief analyst Zhang Dawei analysis, although this year, around the property market regulation frequently. But the majority of housing prices in 2016 sales hit a record high, the amount of large amount of corporate contributions, take the land to make up the stock is also strong. On the whole, a second-tier city land market turnover is still active, Nanjing, Suzhou, Xiamen and other popular second-tier cities land prices are still high.

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