In the first four months of this year, the "premium rate" for residential land in 25 key cities across the country has been on the rise.

The latest report released by the E-House China R&D Institute on May 6th shows that the overall premium rate for residential land in 25 key cities in China in the first four months of this year is around 20%. Specifically, the premium rates were 20% in January, 18% in February, 23% in March, and 15% in April. Compared to the range in the past two years, the premium rates for residential land in the 25 key cities in China in the first four months of this year have shown a high and widespread trend. Yan Yuejin, vice president of the E-House China R&D Institute, stated that factors such as the supply of quality land parcels in various regions and the positive impact of the performance of the new housing market on the investment in land by real estate companies have been the main reasons for the increase in premium rates for residential land in the 25 cities.