Land Transfer Fee Figure Hits 16-month High in November

(Beijing) – The revenue in-take from land transfer fees in 10 major cities was the highest in 16 months in November, a report by a real estate consulting firm in Shanghai said on December 17.

Some 66.3 billion yuan was collected in November, up 23 percent from October, E-house China R&D Institute said.

The average land transaction price was 2,580 yuan per square meter, up 18 percent from October. This figure was the highest in the past 22 months.