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China Q3 land price growth quickens for 1st time in 1-1/2 years

Oct 15 China's residential land price gains quickened for the first time in 1-1/2 years in the third quarter, the land ministry said on Thursday, adding to signs of recovery in the property market.

The average price of land for residential homes in 105 major cities rose 3.4 percent to 5,421 yuan ($854.58) per square metre in the July-September period compared with a year earlier, the China Land Surveying and Planning Institute, a research unit under the ministry, said in a report.

That compared with a 2.7...


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