Latest Beijing Land Auction Sees City’s First Premium Transaction of 2026
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A residential land plot in Beijing's Yizhuang New Town was sold for CNY1.3 billion (USD194.1 million) at a premium of 8.7%, marking the city's first premium transaction of 2026. The auction reflects a recovering real estate market, with new home sales in March surging 184% from February. The plot's prime location and lack of new residential land supply in the area present a significant opportunity for the buyer, China State Construction Engineering Corporation Land (C-Land). The market is showing signs of stabilization, boosting developer confidence and potentially increasing high-quality land supply.
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