Revenues from sales of public land by local government to real estate developers in the 50 most-active cities in China in terms of such land sales amounted to RMB 284.22 billion ($45.1 billion) in April, up 83.4 percent year on year, as announced by Centaline Group, a Shanghai-based real estate research institute.
In January-April period of the year, revenues from sales of public land by local government to real estate developers in the 50 most-active cities in China in terms of such land sales totaled RMB 1.1882 trillion ($0.19 trillion), increasing by 48.8 percent year on year.