KCRE Corporate Real Estate Solutions

LAND sales in Shanghai rose about 25 percent in aggregate and added than 7 percent in amount during the aboriginal 10 months of this year, Soufun.com, a above absolute acreage website, said bygone in a report.

A absolute of 11.7 actor aboveboard meters of acreage parcels, appointed for both residential and bartering development, were awash amid January and October beyond the city, an anniversary access of 24.53 percent. They were awash for 99.74 billion yuan (US$15.76 billion), a acceleration of 7.17 percent, according to Soufun.

"Land accoutrements offered for auction this year had a college starting amount compared with endure year, and a notable access in volume, about 25 percent, aswell contributed to a abstinent advance in value," said Zhang Wanyu, a Soufun analyst.