Property News · August 9, 2018

Appetite for residential plots in mainland China drops to 4-year low in wake of price curbs, deleveraging, group says


Chinese developers’ appetite for new land has fallen to the lowest level since 2014, following government curbs on runaway home prices and lending, a new report said.
China Securities Co. looked at land sale data of 300 Chinese cities in recent years. It found that in the first seven months of this year, auctions of 258 plots of land failed to find buyers . That is 59 per cent higher than in the same period of 2014, when a record high stockpile of unsold homes led to a nationwide home-…

Source : South China Morning Post
Read more…Appetite for residential plots in mainland China drops to 4-year low in wake of price curbs, deleveraging, group says

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