In Chongqing a land plot sold at auction on Tuesday at a 90 per cent premium over the starting bidding price. Photo: Reuters

China's land auction premiums rebound as credit taps reopen to developers

  • The residential land price premium rose to 23.7 per cent in March, up from 10 per cent in February, according to property consultancy China Index Academy
  • In March, second-tier cities reported a 46 per cent jump in average prices for land sold at auction compared to a year earlier
Topic |   China property

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In Chongqing a land plot sold at auction on Tuesday at a 90 per cent premium over the starting bidding price. Photo: Reuters
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