Developers Modern Land (China) and Beijing North Star have joined forces to secure a residential site in Beijing for 1.26 billion yuan (HK$1.59 billion). Photo: AFP

Demand for land in first-tier mainland cities remains strong

Sites in first-tier cities are still favoured by mainland developers as Modern Land and North Star snap up plot in Beijing sale

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Developers Modern Land (China) and Beijing North Star have joined forces to secure a residential site in Beijing for 1.26 billion yuan (HK$1.59 billion). Photo: AFP
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