Land sales in China jump 25% by value

Shanghai

THE value of land sales in China jumped 25 per cent in the first half of 2016 but the area sold edged up only 0.1 per cent, the People's Daily newspaper reported on Wednesday, citing information obtained from the Ministry of Land and Resources.

The paper said land sales grew to 1.3 trillion yuan (S$262 billion), up by a quarter from the same period a year earlier. Of China's 31 provinces and regions, 22 showed increases in sales value, with Zhejiang, Anhui, Hainan and Guangdong showing the largest rises.