Home » Business » Real Estate
COVID-19 drives H1 land sales lower
Land sales in 300 Chinese cities declined during the first six months due to pressure from the COVID-19 epidemic, an industrial report showed.
Sales totaled 870 million square meters in the first half of 2020, down 6 percent year on year, according to the China Index Academy, a property research institute. The transaction volume for residential land amounted to 430 million square meters.
That was a decrease of 5.4 percent year on year, the report said.
Residential land sales in China’s first-tier cities rose over 60 percent, that of second-tier cities edged down 1.7 percent, while that of third- and fourth-tier cities slid 11.8 percent year on year.
China has reiterated the principle that “houses are for living in, not for speculation.” However, while curbing housing speculation, China will also implement city-specific policies in the sector, according to this year’s government work report.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.