In Beijing, at a recent auction, a plot of land was implemented, at a record high price of 2.7 billion yuan, or $ 413 million. This event gave rise to fear among local experts regarding the further rise in price, the capital’s real estate of China. This circumstance may limit the levers of the Chinese government, to stabilize the market prices.
The construction company Zhonghao Group, acquired a plot of 16.4 thousand. sq. m, at such a large price, in order to build an economy class residential quarter on it, and later implement the Peking municipality of 11 thousand. Yuan for sq. m (1 650 dollars). The remaining part of the site is 62 thousand. m?, will be intended for housing that will be sold at market prices. This company cost 42 thousand. Yuan ($ 6,400.) per square meter. In addition to Zhonghao Group, about 10 companies claimed the Earth.
It should be noted that this site was the last in Beijing, designed for the construction of residential real estate. Around this territory, intensive construction of houses is already being carried out. On average, the price of such apartments is estimated at 55 thousand. Yuan for sq. m or $ 8,000.