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Growth of average land prices slows

2010-04-22 17:59 BJT

In the first quarter of this year, the growth of average land prices on national scale slowed. However, in second and third tier cities was up sharply.

A China Urban Land Price Dynamic Monitor survey says in the first three months of this year land prices in most cities grew within a range between 0 and 5 percent. And if we look at them by groups, Shenzhen, Shanghai, Guangzhou and Beijing of first-tier cities saw their land prices grow respectively by 4.82 percent, 9.84 percent, 4.66 percent and 6.16 percent quarter-on-quarter while Haikou, Zhongshan and Kunming of second and third tier cities saw a growth rate of more than 10 percent. Statistics show land prices are still on the rise, but the growth slowed down due to the tightening policies.

Editor: Zhang Ning | Source: