Residential land transfer fee in 40 Chinese cities monitored totaled 37.8 billion yuan last week (Nov. 16-22), up 157 percent week on week, according to the latest statistics released after a routine survey conducted by China Index Academy (CIA), one of the country's leading property research institutes.
The number of land plots released by the 40 Chinese cities last week was up 47 percent week on week, the land transaction volume up 59 percent week on week, the residential land transaction volume up 119 percent week on week.
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