China Financial Daily

July 26, 2009

Department of Homeland said land prices account for 23 percent of arable land red line does not affect the price

Filed under: Financial News — Tags: — lily @ 9:14 am -0700

Department of Homeland said land prices account for 23 percent of arable land red line does not affect the price
Yesterday, for the controversial “relationship between land prices”, Land and Natural Resources in response to the first time that data is given. According to the Department of Investigation: the price premium is only a small part of the national average ratio is about 23%.

Department of Homeland prices account for the proportion of land survey

Two sessions this year, the National Federation of Industry and Commerce to a survey by the development of real estate projects, land costs account for the highest proportion of direct costs, to 58.2 percent. There have been voices which said that the reason for high prices because land prices are high. We want to lower the prices, land prices have dropped.

Yesterday, the State Council Information Office held in the conference, Vice-Minister Lu Xinshe land was introduced by the Department to investigate a related topic.

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