(MENAFN) China's land costs continued growing in the first three months with prices in top-tier cities surging the most amid an escalating property market.
Prices of land for residential use climbed 1.27pct through Jan-March from the previous quarter, while prices of land for industrial development raised 0.73pct.
Recent data revealed an uneven recovery in China's housing market, with prices in 1st-tier cities soaring while those in some smaller cities are still under pressure.
To cool down the market, strict measures have been released including raising the down payment requirement and putting stricter lines on obtaining mortgages.
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