Realty Check: Land Prices in Mumbai Appreciate the Most

Shanghai: Backed by strong performance by office and residential sub-markets, Shanghai’s land market in 2013 was on the rise again after being low in the past years. The highest land price records were refreshed repeatedly and the total land transaction value also hit a record high as a number of prime plots were transacted.

The rising high demand compared to the limited supply in the luxury residential market, the Prime Residential Development Land Index is expected to increase in the coming 12 months, while the growth of Prime Office Development Land Index will be on a slower pace but stable in 2014 and 2015.

Beijing: The capital city of China, Beijing is a huge market for real estate sector. The land market in Beijing was highly active in the year 2013. With steady economic growth in Beijing, real estate market demand remains strong, encouraging developers to acquire lands in the city. With more real estate developers expecting strong growth potential in Beijing, the land auction market is becoming more and more competitive, pushing up land prices. The increase in land price will eventually be transferred to the selling price of properties, signaling the continued growth trend in the Beijing property market.

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