Real estate sales up, prices soar
By Hu Yuanyuan in Beijing, Zhou Yan in Shanghai and Zhan Lisheng in Guangzhou | China Daily | Updated: 2009-07-03 07:52
The real estate market is quickly turning hot.
On Monday, for instance, a land parcel along Beijing's Guangqu Road was auctioned off for more than 4 billion yuan ($585 million) after fierce bidding among major developers from the mainland and Hong Kong.
The price set a record for a single land parcel in Beijing.
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