Local government land sale revenues in 300 cities in China up 3% in H1

Tuesday, 30 June 2020 11:03:14 (GMT+3)   |   Shanghai

Revenues from sales of land by local government to real estate developers in 300 cities in China amounted to RMB 2.3716 trillion ($0.33 trillion) in the January-June period of this year, up three percent year on year, as announced by the China Index Academy, a Beijing-based real estate research institute.

In particular, revenues from sales of land by the local government in Hangzhou, Zhejiang Province, exceeded RMB 150 billion ($21.2 billion), with Hangzhou continually ranking in first place in terms of such revenues among the 300 cities in question over the past three years.

$1 = RMB 7.0795

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