China reported a slight price decline for land for residential development in the first quarter of 2012 as the government maintained its tight grip over the property market. According to a report released by the China Land Surveying and Planning Academy (CLSPA) on Tuesday, the average residential land price in Chinese cities moved down four basis points during the January-March period to 4,516 yuan (718 U.S. dollars) per square meter from the fourth quarter of last year. Read More
