 |
| Chinese homebuyers look at models of residential apartment buildings during a real estate fair in Beijing. [File photo: Xinhua] |
A new land sale record has been set in Beijing.
Municipal authorities have auctioned off a 150-thousand square-meter plot for 8.6 billion yuan.
That's the equivalent of 38-thousand yuan, or some 62-hundred US dollars, per square meter.
A consortium led by China Resources and Ping'an Insurance have acquired the plot in Fengtai District in an area around south fourth-ring-road.
The record sale comes on suggestions property developers may be banking on revival in Beijing's housing market this year.
The auction of the Fengtai plot has come on the heels of statement by the head of China Vanke, which is China's biggest property developer by market value.
The company CEO is being quoted as saying residential property prices could climb to as high as 60-thousand yuan per square meter this year in the capital.
PLA soldiers operating vehicle-mounted guns in drill
Beauties dancing on the rings
Blind carpenter in E China's Jiangxi
Top 10 highest-paid sports teams in the world
In photos: China's WZ-10 armed helicopters
UFO spotted in several places in China
Certificates of land title of Qing Dynasty and Republic of China 
Cute young Taoist priest in Beijing
New film brings Doraemon's life story to China in 3D
China-S.Korea FTA sets positive precedent
Ferry carrying 458 people sinks in Yangtze River
Mecca of Marxism
Bring them homeDay|Week
