China Overseas Land & Investment has spent more than 13 billion yuan acquiring prime residential land in Beijing within just eight days, cementing its position as the most aggressive buyer in the capital's land market this year.
Record-Breaking Acquisitions
On August 4, China Overseas' subsidiary China Overseas New City won the Guangqu Road plot in Chaoyang District for 8.399 billion yuan, setting a 2026 record for both total price and per-square-meter cost in Beijing. The floor price reached 81,400 yuan per square meter with a 19.1% premium.
Just one week earlier, on July 28, the same subsidiary had acquired the Jiuxianqiao plot, also in Chaoyang District, for 4.68 billion yuan. Together, the two transactions total approximately 13.1 billion yuan.
Strategic Focus on Core Urban Land
Both parcels are located in Beijing's most sought-after areas, benefiting from proximity to the Central Business District, established infrastructure, and scarce new supply. The acquisitions reflect China Overseas' strategy of concentrating resources on irreplaceable urban sites in first-tier cities.
Analysts note that state-owned developers have emerged as the dominant buyers in Beijing's land market, leveraging lower financing costs and stronger balance sheets than their private-sector peers.
Market Implications
The aggressive bidding signals confidence among state-backed developers in the recovery of Beijing's high-end residential market, supported by recent policy easing and improving transaction volumes in the capital.