Home / Business / Industries

China land prices increase in 2016

Xinhua | Updated: 2017-02-13 16:09

China land prices increase in 2016

A food delivery man rides past residential buildings in Zhengzhou, Henan province, September 23, 2016.[Photo/Agencies]

BEIJING - Land prices in major Chinese cities posted mild gains in 2016, propelled by rising residential land price on the back of the housing market recovery, official data showed Monday.

The average land price in 105 cities monitored by the Ministry of Land and Resources (MLR) reached 3,826 yuan ($550) per square meter in 2016, according to statistics published on the ministry website.

The price represents a rise of 5.3 percent from fourth quarter of 2015.

Land for residential use was priced at an average of 5,918 yuan per square meter, 7.9 percent higher than a year earlier, said the ministry.

In comparison, average land price for industrial use stood at 782 yuan per square meter, 2.8 percent up from a year earlier.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349