BEIJING, Dec. 4 (Xinhua) -- Land sales in 50 big cities monitored by Centaline Group, a Hong Kong-based real estate agent, increased 7.3 percent year on year to 3.27 trillion yuan in the first 11 months of this year.
Hangzhou, Shanghai, Zhengzhou, Chongqing, Suzhou, Beijing and Wuhan were the top six, each with their land revenue above 100 billion yuan. In particular, Hangzhou ranked first by the land revenue of 245.2 billion yuan in the period, reported www.chinanews.com on Monday.
Compared with the 30-percent growth in the land revenue of the 50 cities during the same period last year, China's land market witnessed steady growth this year.
According to statistics, 45 cities of the above 50 cities lowered their land premium rates, and the average land premium rate of some cities even decreased by over 70 percent year on year. (Edited by Gu Shanshan)
A single purchase
