Friday, April 25, 2014   

Shenzhen land soars

Thursday, November 28, 2013

Two sites in Qianhai fetched altogether 4.06 billion yuan (HK$5.17 billion), marking a new record-high for land prices in Shenzhen.

After 317 rounds of bidding, Guangzhou-based Heungkong Property won one of the plots for 1.63 billion yuan.

The plot - with a total gross floor area of 64,000 square meters - is also a new record for Shenzhen's land market as floor price hit 25,469 yuan per sqm.

Yesterday, at the second land auction to be held in the pilot economic zone, a plot with 150,000-sqm GFA was acquired by Shimao Group at HK$2.43 billion, which is near the base price.

Meanwhile, Fuzhou became the latest mainland city to tighten its property market. The municipal government issued a notice yesterday, raising the requirements for non-locals to buy homes.


Non-local families who fail to provide a two-year tax bill before the date of home purchase are forbidden to buy houses.

Property developers are also required to price new homes at an average price of adjacent projects and no pre-sale is allowed, the notice said.

Up to 13 second-tier cities have imposed fresh property curbs this week. GRACE CAO

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