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Beijing puts no price cap on land sale, signalling property-market shift

SCMP LogoSCMP9h ago

Beijing puts no price cap on land sale, signalling property-market shift - SCMP

Quick Summary:

For the first time since 2021, market forces will decide the worth of a plot, as well as the prices of homes built on the site.

A view of the 63,700-square-metre site located in the capital city’s Fengtai district.

It sits at the intersection of two subway lines and is close to shopping malls and parks, as well as a soon-to-be-completed transport hub that connects to Beijing Daxing International Airport within 20 minutes.


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Beijing puts no price cap on land sale, signalling property-market shift - SCMP (Picture 1)

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Article Details

Author / Journalist: Yulu Ao

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:38:20 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 301 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23425368

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 15 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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  • News ID: #23425368
  • URL: https://beamstart.com/news/beijing-puts-no-price-cap-17307925661664

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