Beijing is likely to report new monthly high revenues from land sales in January, said Zhang Dawei, chief analyst with property agent Centaline Property, on Sunday.
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Zhang said the city last saw record monthly high revenues from land sales in November last year with a figure of 41.4b CNY (6.8b USD).
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January is likely to see a new record amid a land sales boom, he said.
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By Jan. 16, the revenues from land sales in Beijing had exceeded 30 billion yuan, but still many plots of lands are to be auctioned in the remainder of the month, said a department from the Beijing Municipal Bureau of Land and Resources.
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Zhang said the booming land sales and rises in prices of land could continue to affect housing market expectations of property developers and potential home buyers.
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But the increases in land supply could add more homes to the market in the future, thus helping to moderate the rises in housing prices, the analyst said.