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

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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Article Details

Author / Journalist: Yulu Ao

Category: Business

Markets: Hong KongChina

Topics: Market Limit Price Site Prices Developers Statement Land Beijing Restrictions Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:38:20 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Readers: 108 people read this story

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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