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Land transactions will continue to be...>

CHINA PRESS
CHINA PRESS: Land transactions will continue to be at a high level in June as
real estate developers approach the half-year mark and rush for high-quality
land, the Economic Information Daily reported. First and Second-tier cities have
increased land supply, particularly of high-quality land to lure developers and
accelerate the recovery in their land markets, the newspaper said. In
particular, Nanjing and Guangzhou city saw significant increases in land
transaction fees in the first five months, growing 157% and 93% y/y,
respectively. Developers' enthusiasm for land acquisition has increased again as
the financial difficulties decreased, the newspaper said citing Zhang Dawei,
chief analyst of Centaline Property Agency. 

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