China's residential land supply up 28.4%

BEIJING -- China's residential land supply totaled 91,700 hectares in the first nine months of 2013, up 28.4 percent year on year, according to the data released Wednesday by the Ministry of Land and Resources (MLR).

The land supply for commodity housing hit 71,300 hectares, with a year-on-year growth of 7.3 percent.

The four first-tier cities, Beijing, Guangzhou, Shanghai and Shenzhen, all realized land supply increases in Jan-Sept, and will continue to enhance land supply in the fourth quarte.

In Q1-Q3, the land supply for commodity housing in Beijing stood at 589 hectares, up 128 percent from a year ago, while the land supply in Shanghai, Guangzhou and Shenzhen reached 789, 526, and 115 hectares, respectively.