Source: National Business Daily, ChinaScope Financial (Data)
+ Data from the Beijing Land Consolidation and Reserve Center shows
that in the first quarter of 2012, 45 land plots were sold at starting price in
Beijing. This is the first time that all land plots are sold at starting price,
indicating sluggish demand.
+
The price for the 45 land plots
was CNY 9.67 billion, down 39.3% from last year’s CNY 15.9, and the first time in
nine quarters that land price in Beijing falls below CNY 10 billion.
Lower land supply was the
main reason for the decrease in transaction volume, as indicated by the higher
land supply/trading ratio.
Tongzhou District and
Daxing District still ranked top in land transaction volume.
Other News Headlines:
n PBOC’s Foreign Exchange Reserves at CNY 23.48 Trillion in Feb.
n Net Profit of Five State-Owned Banks at CNY 674.5 Billion in 2011, Up 25% YoY
n PetroChina Net Profit Falls 4.9% to CNY 132.98 Billion in 2011
n 45 Land Plots in Beijing Sold at Starting Price in Q1
n Tsingtao Brewery: Net Profit CNY 1.74 Billion in 2011, 14.3% Growth
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