Beijing's 2026 Land Auction Kicks Off with Tech Giant Investment

Beijing's first land auction of 2026 saw impressive results, with a total of 85.6 billion yuan in deals. The most exciting news is ByteDance's winning bid for a prime Haidian district plot, highlighting the growing investment in the tech sector's future in the region.

• •ByteDance secured a significant land parcel in Beijing's Haidian district for 28 billion yuan.
• •The auction signals continued investment and development within Beijing's tech hub.
• •Focus is shifting towards core urban areas with limited new housing supply.