The first week of July is seeing soaring land purchases in 20 major cities in China. But the price is decreasing.
The land sales volume in 20 major cities has hit nearly 5 million square meters, increasing by almost 100 percent in the first week of July. More than 11 million square meters of land has gone on sale, up by more than 110 percent. D
ata also shows that the volume of land offered in first-tier cities skyrocketed by around 300 percent, while second tier cities increased at a slower pace. The highest figures were recorded in Beijing, where 340 thousand square meters are on the market.