You are here

Land bids point to property boom in China cities

Unit prices far exceed those of nearby homes as developers have to meet low-cost housing quota

Beijing

IN the Chaoyang district of north-east Beijing, a nondescript wall covered in patriotic posters protects one of the city's most valuable treasures: a dirt field containing nothing but a few scattered trees.

Last month, the block sold for 3.3 billion yuan (S$720 million),