Eight big-name real estate developers, including Vanke, Gemdale, Forte, and Beijing Capital Development, bid for three Beijing plots Thursday, stirring interest in the industry during a slack season for land auctions.

One of the plots, in Shijingshan, west of Beijing, is earmarked for commercial use. The other two, both in Changyang Town, Fangshan District, southwest of Beijing, are for residence use.

According to Zhang Dawei, a researcher with Centaline China, the prices of the plots should be comparatively reasonable. The housing market in Fangshan District has not shown any obvious signs of a bubble, with prices remaining steady.

China's business press carried the story above on Friday. China.org.cn has not checked the stories and does not vouch for their accuracy.

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