In the first half of the current year, land area sold in 40 major Chinese cities amounted to 254.115 million square meters, down 3.6 percent year on year, as announced by CRIC, a real estate research institute of E-House, a Shanghai-based real estate transaction service provider.
Land area sold in the 40 cities in question had continuously risen on year-on-year basis since the first half of 2015, but has declined from the first half of 2018 up to the first half of the current year.
In June this year, the margins between land sales prices (via auction) and land cost prices were highest in the five following cities: Jinhua in Zhejiang Province, Nanning in Guangxi Province, Jinzhou in Hubei Province, Shenzhen in Guangdong Province, and Fuzhou in Fujian Province, with respective margins of 72 percent, 70 percent, 58 percent, 48 percent and 44 percent.