1. Text: | Print|

      Nanjing kills land king sale

      2013-07-09 11:20 Global Times Web Editor: qindexing
      1

      The land resources authority in Nanjing, East China's Jiangsu Province, said it would "cease the selling process" of a key piece of land to a local developer, which analysts said Monday indicates the local government's quandary in balancing property developers' interests with the rights of so-called "nail households," or small property owners who refuse to sell to make way for larger developments.

      Nanjing's Bureau of Land Resources announced on its website Friday that the purchase was halted for "particular reasons," without specifying further.

      The 364,000-square-meter plot, located by Jiangbian Road in the city's Xiaguan district, was purchased by Nanjing Linjiang Old Town Renovation, Construction and Investment Co for 5.62 billion yuan ($920 million) last November. The buyer's controlling shareholder is State-owned China Metallurgical Group Corporation's MCC Real Estate Group Co.

      MCC Real Estate purchased two plots of land adjacent to the property in question for 20.03 billion yuan in 2010. The three plots together, which cover 2.36 million square meters and are worth 25.6 billion yuan, have been dubbed the city's "land king," a term referring to the most expensive parcel of land in a given area.

      Neither the bureau nor MCC Real Estate could be reached for comment by the ­Global Times as of late Monday.

      Nanjing's "land king" is not the only high-profile real estate project to be dropped this year. Youngor Group, a private textile and clothing enterprise based in Ningbo, East China's Zhejiang Province, announced on June 20 that it would stop developing Hangzhou's "land king," which it bought three years ago.

      Li Zhanjun, a research director at the E-house China R&D Institute, told the Global Times Monday that local governments should take responsibility for killing the deals, especially in Nanjing's case.

      "Local governments always fail to hand over the land in time and force the deal to be dropped, because they are unable to clear out the nail households efficiently," Li said. "The officials face double pressure from the central government and the media to protect the rights of such households, as well as from property developers who are eager to develop the land."

      Li said the press and the central government should pay more attention to the deals, which will yield significant long-term economic benefits. "Nail households have become an economic burden to some local governments," he said.

      Liu Yuan, a senior research manager at Centaline China Real Estate, said Monday that the developers are also to blame.

      "The companies failed to accurately estimate the potential market value of properties built on the land, and this has forced them to drop the deals to avoid huge losses," he said, adding that it is still "too early" to decide if the failed deals are a signal that China's real estate market will start performing weakly.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: a级毛片高清免费视频| 日韩亚洲国产综合高清| 美女视频黄a视频全免费网站色| 91精品视频免费| 亚洲黄色网址大全| 最近2019年免费中文字幕高清| 久久精品亚洲中文字幕无码麻豆| 国产在线精品观看免费观看| 久久久久亚洲AV综合波多野结衣 | 日本一道高清不卡免费| 亚洲美国产亚洲AV| 国产免费人成在线视频| 国产亚洲福利精品一区二区| 亚洲国产精品无码久久九九| 一个人免费观看日本www视频 | 99国产精品视频免费观看| 亚洲av日韩av不卡在线观看| 最刺激黄a大片免费网站| 亚洲熟妇av一区二区三区下载| 亚洲高清中文字幕免费| 亚洲国产AV无码一区二区三区 | 日韩中文字幕免费| 日韩毛片免费一二三| 亚洲中文字幕无码av在线| 青春禁区视频在线观看直播免费| 亚洲日韩亚洲另类激情文学| 国产男女猛烈无遮挡免费网站 | 亚洲免费视频播放| 成人免费淫片在线费观看 | 亚洲AV无码精品色午夜果冻不卡| 免费无码VA一区二区三区| 亚洲精品天堂在线观看| 亚洲国产精品成人AV无码久久综合影院 | 色播在线永久免费视频| 亚洲狠狠综合久久| 大学生一级毛片免费看| 另类专区另类专区亚洲| 亚洲av无码乱码国产精品fc2| 成年网站免费视频A在线双飞| 国产成人久久精品亚洲小说| 亚洲s色大片在线观看|