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official data shows the land area used in chinese real estate development has fallen 1 through this past year.
官方数据显示,2014年中国用于房地产开发土地的使用率急剧下降。
151-thousand hectares of land was set aside for new home construction last year.
this is down over 25-percent compared with 2013.
china's real estate market has been on a steady 2 for the past number of months.
new home prices in january saw month-on-month 3 in most of the cities surveyed.
for more on china's property market, we are now joined live by mike bastin, director of the china business centre based in london.
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