Jul 05, 2012 07:40 PM

Land Transfer Fees Rise in 10 Cities


(Beijing) – The land transfer revenue of 10 major cities was 27.9 billion yuan in June, up 106 percent from May, but down 38 percent compared to the same month in 2011, a report by a real estate consulting firm in Shanghai says.

The number of land transactions meant prices would go up in the third quarter and sales would grow for the first time this year in the second half, said Wu Xiaojun, a researcher at E-house China R&D Institute.

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