trending Market Intelligence /marketintelligence/en/news-insights/trending/ARdKuo8ejR8z9RlGocjR0g2 content esgSubNav
In This List

Beijing markets 2 residential sites for 4.84B yuan

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


Beijing markets 2 residential sites for 4.84B yuan

Beijing is selling two land parcels in the prime Chaoyang district with respective price tags of 2.45 billion yuan and 2.39 billion yuan, the South China Morning Post reported.

The properties, which were put on the block during the week ending Jan. 13, are being offered without a cap on the selling prices of apartment units that will be developed on the land plots, unlike other sites offered in the past two years. The move was made to generate demand for flats in the housing market, according to the publication.

Meanwhile, a third land plot that was taken to the market in October 2018 remains on offer, the Jan. 15 report added.

As of Jan. 15, US$1 was equivalent to 6.76 yuan.