Date
19 October 2017

Land transfers yield record 4.1 trn yuan in fees, paper says

The mainland authorities collected a record high 4.1 trillion yuan (US$676.46 billion) in land transfer fees last year, the Beijing Times reported Wednesday, citing data from the national land administration. Land supply for construction grew 5.8 percent from the previous year, while almost all of the 105 major cities monitored reported rises in land prices, it said.

– Contact HKEJ at [email protected]

MY/AC/SK

 

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