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Xinyuan Real Estate Co., Ltd. Message Board

  • infn444 infn444 Mar 2, 2013 12:27 AM Flag

    Demand still increasing for property in China at rapid pace

    Property developers, fueled by improved cash flow, are still quite optimistic about the market and are strengthening their competition for more land parcels.
    In Beijing, a total of 13 land parcels valued at 10.7 billion yuan ($1.7 billion) were sold on Thursday, with the premium price dropping compared with the end of 2012, industry statistics showed.
    There were 33 real estate enterprises competing for the 13 land parcels, and the highest price premium was 50 percent, lower than the record 400 percent premium recorded at the end of 2012.

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