Funds Raised from Residential Land Transfers in Beijing Exceed Half of 2009 Total
Published:
2010-03-17
Beijing's residential land transfer funds, the money the municipal government earns buy leasing development rights to property developers for residential housing, has already exceeded 35 billion yuan this year, over half the total amount collected last year, when 70 billion of the total 93 billion funds raised via land sales were made from the transfer of land rights to residential developers.
Source
The Beijing News
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