A senior official said on Saturday that there are still large
amount of land purchased by land agents remain undeveloped.
By late 2003, the amount could mount to over 700,000
mu, or 46,700 ha, according to a survey of 1,510 land
reserve and purchase institutions from across the country, said
Minister of Land and Resources Sun Wensheng at a national symposium
attended by local land and resources heads.
He said there are still much potential to tap in land supply in
many localities.
He also said the central government will also continue its
policy of moderately limiting land supply for real estate
projects.
China launched a nationwide campaign on irregular and excessive
requisition of land last year for industrial development projects
to protect the country's land resources.
(Xinhua News Agency May 15, 2004)