A low-density housing lot in Beijing sold for 29,859 yuan (HK$33,893) per square metre yesterday - the highest unit price for a residential site on the mainland.
Beijing Dalong Estates, the property arm of the Shunyi local government, won the site in a government land auction with a bid of 5.05 billion yuan.
In addition to being the most expensive price per square metre on the mainland, the total price was the highest paid in Beijing.
The previous record unit price on the mainland was for a commercial and residential site in Shanghai that was sold to China Overseas Holdings for 22,409 yuan per square metre in September.
South China Morning Post