Supply of land increased to meet rising demand
Print Edition
CHINA’S housing authority increased the supply of residential land in the first quarter to meet rising demand.
Residential land supply in first-tier cities, such as Shanghai, Beijing and Guangzhou, increased by more than 50 percent from the same period a year ago, according to the China Urban Land Price Dynamic Monitor.
Land supply in second-tier cities also rose while it fell in third-tier cities.
New home prices in Shanghai and Beijing rose by over 20 percent as residents rushed to buy in anticipation of future price rises.
In December, China’s policy-makers announced: “Houses are for living in, not for speculating with.”
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