BEIJING, Jan. 4 -- Shanghai will see at least 27 land parcels released for auction this month as robust momentum in the property market continues.

The plots are tagged with a combined starting price of 13.68 billion yuan (2.26 billion U.S. dollars), Century 21 China Real Estate said. “Monthly land sales in Shanghai have exceeded 10 billion yuan since April 2013 and we expect this trend to continue in January,” said Eric Luo, a Century 21 analyst.

He said land supply in Shanghai might remain abundant while developers will be keen to expand their land bank following robust sales registered in the city last year.