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: 日韩免费在线中文字幕| 亚洲美女在线国产| 久久国产乱子免费精品| 国产亚洲一卡2卡3卡4卡新区| 久久亚洲精品AB无码播放| 全亚洲最新黄色特级网站| 在线观看日本免费a∨视频| 久久永久免费人妻精品| 国产精品极品美女自在线观看免费| 亚洲女子高潮不断爆白浆| 亚洲国产成+人+综合| 亚洲AV日韩精品久久久久久久| 亚洲无码视频在线| 免费A级毛片无码A| 性做久久久久免费看| 国产精品美女午夜爽爽爽免费| 成人免费黄色网址| 五月亭亭免费高清在线| 美丽的姑娘免费观看在线播放| 国产精品免费看久久久| a国产成人免费视频| 好男人资源在线WWW免费| j8又粗又长又硬又爽免费视频| 免费播放美女一级毛片| 国产精品亚洲lv粉色| 国产精品亚洲AV三区| 高潮毛片无遮挡高清免费视频| 亚洲AV电影天堂男人的天堂| 亚洲欧洲免费无码| 亚洲精品无码久久| 久久亚洲精品无码av| 成人婷婷网色偷偷亚洲男人的天堂| 亚洲欧美国产国产一区二区三区| 亚洲精品二三区伊人久久| 亚洲综合激情五月色一区| 亚洲精华国产精华精华液好用| 亚洲国产成人久久综合| 美女裸免费观看网站| 性生大片视频免费观看一级| 黄 色一级 成 人网站免费| 免费人成激情视频在线观看冫|