IN BRIEF (Page 26)
China Daily | Updated: 2010-03-22 07:55
Spiraling land price holds up sale of lot
The auction of a prime lot of land in the Guomao area has been delayed again after the municipal government became concerned about the fast increase of the price of land, Beijing News reported on Sunday.
The Beijing Land Coordination and Reserve Center said on Saturday that the auction of the land near Guomao Bridge, which has an opening price of 5 billion yuan, would not go ahead as planned.
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