18 January 2019

Shanghai eyes 13.7 bln yuan from 27 sites, paper says

Shanghai plans to sell at least 27 plots in January for a combined reserve price of 13.68 billion yuan (US$2.26 billion), Oriental Daily reported Friday, citing data from property agency Century 21. This is the 10th consecutive month that the municipal government is expected to generate over 10 billion yuan in land transfer fees. Aside from Shanghai, other first-tier cities like Beijing and Hangzhou posted record-high land sales income in 2013, the report said.

– Contact HKEJ at [email protected]



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