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

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

Peggy Sito and Sophie Yu

Published: 11:15am, 15 Oct, 2014

Updated: 5:44am, 16 Oct, 2014

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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Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.