Skyrocketing land prices in Beijing and Shenzhen are forcing some of China’s biggest developers to scour for cheaper land bank in lower-tier cities in northern and western regions while authorities tightened financing to temper credit risks in speculative hotbeds.Taiyuan, the largest city in the northern province of Shanxi and historical seat of many dynasties, was the top choice in 2019, according to industry researcher Real Estate Foresight, which tracks the nation’s 23 biggest developers…
Source : South China Morning Post
Read more…China developers turn to old-charm lower-tier cities for cheaper land bank as prices in Beijing, Shenzhen soar
