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Land-transfer fees in 10 key Chinese cities surge 90 pct in Sept.

2015-10-14 10:36

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The 10 leading Chinese cities monitored gained 101.5 billion yuan from transferring land in September, up 89.7 percent from August and up 63 percent from a year ago, hitting the highest monthly record since the beginning of 2014, according to data from (EJ.NYSE).

The 10 cities, including Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Hangzhou, Wuhan, Xi'an, Chengdu and Chongqing, traded 21.273 million square meters of land in September, up 5.6 percent from August and up 35.9 percent on year, at an average price of 3,939 yuan/square meter, up 20.6 percent from August and up 41.9 percent on year. The premium rate in the land auctions averaged 18.6 percent in September, up 4 percentage points from August, said.

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