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ECONOMY
THIS WEEK> THIS WEEK NO. 43, 2013> ECONOMY
UPDATED: October 21, 2013 NO. 43 OCTOBER 24, 2013
Soaring Land Supply
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China's residential land supply totaled 91,700 hectares in the first nine months, an increase of 28.4 percent year on year, according to the data released on October 16 by the Ministry of Land and Resources.

The land supply for commodity housing hit 71,300 hectares, up 7.3 percent year on year.

Four first-tier cities, Beijing, Guangzhou, Shanghai and Shenzhen, all saw land supply increases in the January-September period, and will continue to enhance land supply in the fourth quarter.

In the first three quarters, the land supply for commodity housing in Beijing stood at 589 hectares, up 128 percent from a year ago, while the land supply in Shanghai, Guangzhou and Shenzhen reached 789, 526, and 115 hectares, respectively.



 
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