Growth rate of the national land prices continued to drop in the second quarter

 National Urban land dynamic monitoring system released on July 17 a data, which revealed the national land prices rose slightly in the second quarter, the growth rate continued to drop. Regional district such as Yangtze River Delta, Pearl River Delta and Bohai Rim regional’s growth rate showed a decline trend; Yangtze River Delta and Bohai Rim regional comprehensive land index also seen a down trend.

Ministry of Land and the Land Use Management Division, together with the China Land Surveying and Planning Institute published this monitoring report. Report showed that about 60% of the nation’s major cities’ comprehensive land chain growth rate is slower than the previous quarter. The changes of residential land prices and comprehensive land prices remained a consistent pace.

China Security News

Translated and edited by Peng Bo, he is now an editor and author of m4.cn, write to him at pb.bloomberg@gmail.com

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