Statistics

Land ministry finds 1,457 unused plots

(Agencies)
Updated: 2010-08-03 15:51
Large Medium Small

China's Ministry of Land and Resources has found 1,457 unused plots of land nationwide and given a list of what companies hold rights to these plots to the China Banking Regulatory Commission, the China Securities Journal reported today, citing a person familiar with the situation.

Related readings:
Land ministry finds 1,457 unused plots Land supply up 135% in 1st half year
Land ministry finds 1,457 unused plots Local govts 'want land sales' to pay back loans
Land ministry finds 1,457 unused plots Outstanding loans to property market up 40% by end of June
Land ministry finds 1,457 unused plots Idle plots further compound realty crunch in Shanghai

The banking regulator will use the list to conduct a risk assessment, the Beijing-based newspaper reported. About 80 percent of the unused plots may be repossessed by the government, according to the report.

The provinces of Hainan, Jiangsu and the cities of Beijing and Guangzhou have the most unused land, accounting for almost a fourth of all the unused plots, the newspaper reported.