Caixin
Nov 27, 2018 02:40 AM
ECONOMY

Beijing Posts Record Daily Land Sales Amid Cooling Signs

Land sales this year in Beijing totaled 152.6 billion yuan as of Nov. 26, down 41.5% from the same time last year. Photo: VCG
Land sales this year in Beijing totaled 152.6 billion yuan as of Nov. 26, down 41.5% from the same time last year. Photo: VCG

Beijing posted a daily land sales record Monday with total transactions of 31.6 billion yuan ($4.6 billion), as city authorities accelerate sales toward the year-end.

The municipal government put 13 plots up for auction with 12 of them selling, according to the capital city’s land and resources regulator. The number of plots sold and the total transaction value hit record highs.

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