China Financial Daily

Fuzhou City residential benchmark 5-year premium increase of more than 50%
Fuzhou city, the Government has announced four new residential urban land price benchmark standards in 2004 compared to pre-established standard, 5 years in Fuzhou City residential base rate of premium increase of more than 50%. People in the trade, the benchmark land price increase will have an impact in many ways.

Fuzhou City’s new domestic benchmark land prices show the base price level of residential land for 4.5 million yuan per mu, and before three million yuan per mu. Two benchmark land price of residential land for 3.3 million yuan per mu, before two million yuan per mu. Adjustment of all six levels of residential land or land base more than 50%.

Analysis of the industry, residential development sites in Fuzhou is the actual price is much higher than the original price of the benchmark to adjust the base premium residential district is more truly reflect the market price of land may have little effect on prices. In addition, Fuzhou property market is currently in a structural adjustment period, the benchmark price by the developer to raise the price adjustment, not a rational choice. However, most people still expressed concern about the urban land price increase in benchmark prices will be “gone up.”

Experts point out that urban housing will increase the base price of the real estate transaction to the public and land relocation compensation and other economic

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