'Land kings' expected to sit out auction of building plots

Land auctions in Beijing will resume on Thursday after they were halted by the government on March 20. Experts predict a thinner herd of "land kings" will bid.

According to an announcement made by the Land Consolidation Reserve Center in Beijing two days ago, four parcels of land in suburban Beijing, all for commercial use, are ready for auction tomorrow.

The terms for those four properties range from 40 to 50 years. One parcel is in Shunyi district and the other three are in Pinggu district.