Purchases and Sales of Land Plots

You can now purchase and sell land plots in the game.

Acquire land plots at low prices and sell them at high prices to make a profit.

Buy real estate for hedging against inflation.

Land Value

The value of a land plot is affected by:

  1. The economy of the city. You can view the macro economic indicators displayed below the mini-map.  Their correlations are as follows: inflation will drive land values higher in general; increases in a city’s real wage rate will increase land values too; GDP growth and the economic state also affect land values.
  2. If the location has reserve of natural resources, it will be a lot more costly to acquire the land plot.
  3. The density of buildings around the land plot and the types of buildings. For instance, office buildings, apartments, and retail stores will lift up the land cost more so than factories.

Also see:
The Evolution of Shanghai from 1990 to 2042 – showing a scenario where the player acquires a large piece of land and develops a new residential area from the ground up.