Top 10 cities in land transaction revenue in H1

Statistics from a property research institution showed that Hangzhou, with a total land revenue of 142.3 billion yuan ($20.71 billion), has become the "king of land revenue" during the first half of this year.

According to data from the China Index Academy, a Beijing-based property research institution, the total land transaction fees in 300 major Chinese cities was 2.25 trillion yuan in the first half, a 16 percent year-on-year increase.

The combined income from leasing land in Hangzhou surpassed 140 billion yuan, ranking at the top nationwide. It was followed by Wuhan, Beijing, Tianjin, Shanghai and Chongqing, whose land income all exceeded 60 billion yuan.

Let's take a look at the top 10 cities in land transaction revenue during the first half of this year.