Land sales reignite fever

BEIJING - Land sales in China's capital city resumed on Thursday after a month's suspension, but the temporary break did nothing to lower property fever.

By Thursday afternoon, four local developers had snatched up four commercial plots for a total of 1.06 billion yuan ($151 million).

Land auctions were halted by the Beijing Municipal Bureau of Land and Resources last month, after property dealers feverishly purchased land, pushing prices to record-high levels in mid-March.