Beijing double Land King to be repossessed

This morning, the Beijing Land and Resources Bureau issued a notice, the abolition of the Beijing Grand Dragon Real Estate auction 2009 price and total prices double King of Shunyi after the Sand Valley block eligibility.　　At the end of 2009, Shunyi after the Sand Valley block in the major real estate competition, by the Big Dragon real estate to 5.05 billion of the total price, close to 30,000 of the floor unit price won, become a veritable double king in 2009, but less than one months, the fate of the plot into confusion. January 2010 mid-June, Tai Lung property due to non-payment of land transfer gold, Beijing Land and Resources Bureau suspended to take the qualification.　　This morning, the Beijing Land and Resources Bureau officially issued a notice to reclaim the plot.　　Announcement, November 20, 2009, Tai Long company through the auction way, to 5.05 billion yuan after the Shunyi District Town Tianzhu Development Zone, 22nd residential land use rights of state-owned construction.　　Because Tai Long company has not signed the land use right of state-owned construction of the contract and the compensation agreement, according to the relevant provisions of the auction documents, the Beijing Land and Resources Bureau decided to cancel the competition qualification of Tai Long company, at the same time for the Big Dragon Company has paid 200 million yuan bidding margin will not be refunded. This is the first time in the history of land transactions in Beijing that the king has been withdrawn.　　Beijing Zhongyuan Three market Research department believes that the 2009-year property market madness since the first land was recovered, proved that the country's macro-control policy has been implemented, the property market from the source began to tighten. For the people, the people who had spent a lot of money on the property around the land would be affected by the benefits, and the Shunyi District property market will bring a big negative impact, the last two weeks, the area surrounding the availability has soared 36%, customer reduction of 80%, now the king officially recovered, the owner of the selling phenomenon will be further increased.