The projects have generally been developed on land plots acquired from local government as “commercial or office land”, and have become a popular residential product in the bigger cities, as residential land supply has become so tight. Photo: EPA

Beijing and Shanghai clamp down on selling apartments built on commercial land, or converted from industrial use

Latest figures show US$18.97 billion worth of commercial converted apartments were sold in Beijing last year, a third of the city’s total transactions

TOP PICKS

The projects have generally been developed on land plots acquired from local government as “commercial or office land”, and have become a popular residential product in the bigger cities, as residential land supply has become so tight. Photo: EPA
READ FULL ARTICLE
Zheng Yangpeng

Zheng Yangpeng

Zheng Yangpeng is a business reporter at the Post, covering China property, banking and finance. He previously worked for China Daily, joining the Post in 2016. He holds a Bachelor's Degree in Journalism and Communication from Peking University, and a Master's Degree in Global Business Journalism from Tsinghua University.