July 30 -- The Wuhan Bureau of Land and Resources launched an auction for the land use rights of 27 plots of land covering a total of more than 2,200 mu (1 mu = 666.67 square meters) yesterday, reports National Business Daily. China Vanke (000002) acquired eight plots of land for a total of 1.237 billion yuan or a floor price of 2,278 yuan. According to Wuhan's residential housing program, 312 hectares of land in Wuhan's downtown area ... more»