Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Confident Developers Mean Rising Land Prices in China

2014/02/12 by Michael Cole Leave a Comment

China land prices

Still lots of competition for land

While many analysts are predicting tougher times for China’s real estate industry in 2014, at least by one gauge the country’s property developers still believe that there is money to be made.

According to a report in today’s Wall Street Journal, the average price of residential land in China rose for the seventh consecutive quarter during the period from October through December of 2013, with the Journal relying on statistics from the Ministry of Land and Resources as its source.

The Ministry’s survey of 105 Chinese cites found that the average price of land for housing purposes went up 2.6 percent during the fourth quarter of 2013, to RMB 5,033 ($830) per square metre.

Upbeat Despite the Down-Grade

In the past few months, the tightening of financial markets and rising land prices have caused some analysts to grow pessimistic about China’s real estate market.

During December Wee Liat Lee, Regional Head of Property Research at BNP Paribas, downgraded the overall industry for 2014 from “Improving” to “Stable,” due to concerns over land supply and the rising prices that accompany increased competition for land.

However, developer seem to remain eager to buy up whatever land is available, despite rising costs. Indeed, the rising prices being paid for downtown sites, may be leading some cities to make more land available.

More Land Sales in the Major Cities

In the first 23 days of this year, Beijing raked in land sale revenue of 40.3 billion yuan, according to data from CRIC, a unit of real estate services firm E-House (China). The city’s land sale income hit a record 182 billion yuan in 2013.

A report in the Shanghai-based National Business Daily showed that Beijing planned to put 16 plots of commercial land measuring a combined 24,260 square meters up for auction this month. China’s capital sold off 26 plots of land during January, bringing in RMB 40.59 billion from property developers confident of their ability to make a profit from rising home prices.

 

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Finance Tagged With: Beijing, BNP Paribas, china real estate developer, crebrief, land price, Ministry of Land and Resources, Real Estate

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

  • This field is for validation purposes and should be left unchanged.

MTD TV

KJ Khoo of JLL at the MIngtiandi Singapore Forum
ESR, Sun Venture, JLL, MSCI See Singapore Rising as Hub for Capital
Equalbase CEO Nicholas Bischoff speaking at the Mingtiandi Singapore Forum
Trade War Spurs Asia Supply Chain Diversification Says Equalbase: MTD TV

More MTD TV Videos>>

People in the News

Tan Hee Teck Genting
Asia Real Estate People in the News 2025-05-19
Yian Wang_AEW Headshot_Li
AEW Asia Chief Jason Lee to Depart, Yian Wang Promoted to APAC CIO
Jungkhwan Kang Greystar
Asia Real Estate People in the News 2025-05-12
Jason Leong M&G
M&G Names Jason Leong to Lead Asia Fund as van den Berg Heads for the Exit

More Industry Professionals>>

Latest Stories

Eric Adler, CEO of asset management at L&G
L&G Buying 75% Stake in Proprium to Boost Real Estate and Private Markets Business
Priyank Shah, head of Fund management, at Logicap
Rava’s Logicap Expands India Industrial Partnership With Mitsubishi Estate
China Housing
China Home Prices Fell Faster in April and More Asia Real Estate Headlines

Sponsored Features

How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale
7 in 10 Senior Directors Confident in Data Centres, but Talent Shortage Will Widen

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Memberships
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse