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Much land for real estate still undeveloped
(Xinhua)
Updated: 2004-05-16 10:59
A senior official said in Beijing on Saturday that there are still large
amount of land purchased by land agents remain undeveloped.
By late 2003, the amount could mount to over 700,000 mu, or 46,700 ha,
according to a survey of 1,510 land reserve and purchase institutions from
across the country, said Minister of Land and Resources Sun Wensheng at a
national symposium attended by local land and resources heads.
He said there are still much potential to tap in land supply in many
localities.
He also said the central government will also continue its policy of
moderately limiting land supply for real estate projects.
China launched a nationwide campaign on irregular and excessive requisition
of land last year for industrial development projects to protect the country's
land resources.
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