Ministry of Land and Resources: March 70 Urban residential land prices fell 20%

April 6, the China Index Institute released March land market trading intelligence, data show that the country's 70 cities in March the land market supply rebounded, market transactions active.　　At the same time, since February, the effect of land control policy has gradually emerged, the March residential land average floor price to undertake a downward trend last month, the chain down 20%. In terms of land supply, the country's 70 key cities have launched 1073, the chain increased by 35%, an increase of 74% per cent, the introduction of land area of 64.95 million square meters, the chain increase of 54%, an increase of 118% year-on-year. The introduction of residential land (including residential land and the comprehensive use of residential land) 413 cases, the chain increased by 33%. First-line urban residential land supply significantly increased in the quarter, Shanghai launched a total of 2.38 million square meters of residential land, compared with the same period last year 781%, Beijing 3-month cumulative supply of residential land 1.4 million square meters, the year-on-year increase of 278%;　　Second-tier cities supply large, Tianjin, Chongqing, Nanjing and other land accumulation of residential land supply significantly more than the same period last year, of which Tianjin first quarter of a total of 9.39 million square meters of residential land, ranked first. In terms of land prices, the average floor price per square metre of the country's 70 cities is 1438 yuan, down 31%, of which the average floor price per square metre of residential land is 1868 yuan, down 20% in the chain.　　In addition to Beijing residential land sales price and premium level significantly increased, Shanghai, Chengdu and other land transaction prices have fallen. From the cities that have announced their plans for housing, their supply plans have increased in varying degrees. Among them, Beijing proposed 2010 years of housing land supply not less than 2500 hectares, can be built in the area of 30 million square meters, is last year more than twice times the amount of land, Tianjin also proposed 2010 years plan to supply residential land 2378 hectares, an increase of 40%.