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
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

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
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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