Daily news and Commentary on the Chinese Real Estate sector
Land transfer payments down 60% YoY in Shanghai for the first half of 2012
Jun 28, 2012
- As at 27th of June, 204 land plots were transacted during the first half of 2012 in Shanghai, with sales amount of RMB17.9 bn, down 67.1% YoY.
- 20 profit-oriented land parcels were sold in June, accounting for 40.8% of the total transaction volume.
- The sales upturn in the land market recently is caused by the faster pace of local government to offer quality land parcels and is also caused by the stabilized market where property developers are willing to acquire lands again.