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China will step up supervision and management of real estate sites
Xinhua Nanjing, February 6 (Xinhua Shi Yonghong) Recently, the occurrence of several successive parts of China to recover from idle land developers, and confiscated a huge margin events show that China's developers, "hoard to" strike force is growing.
Nanjing Land Bureau recently issued a notice to recover the two foreign companies have made the development rights Xianlin a block east of the city and seized 245 million Hong Kong dollar deposit.
In 2007, representing the Hong Kong and Kowloon Wharf Estates China Merchants Property to take land regal Investment Industrial Co., Ltd. and real-Chong Investment Co., Ltd. with 24.1 billion yuan in total, winning the plot. This year, Nanjing is the second high-priced land. As a foreign-funded enterprises in the two companies to deposit security for 245 million Hong Kong dollars.
A notice from the Nanjing Bureau of Land can be seen that after the developers get the land, in addition to pay the deposit before the auction, and afterwards will pay nothing, nothing to do, let this land idle for two years.
Nanjing real estate experts believe that this "land resumption" on developers to take land "passion" will be alert, but also on the property market in Nanjing in 2010 have a greater impact.
