Property News · March 7, 2017

China’s heated land market is reaching boiling point


Land sales for 2017 have just begun in China and it is interesting to review the performance of these initial land sales in various cities amid the government’s tightened policies implemented to cool off sizzling land prices.
In many cities, the land market is red hot and reaching their peaks while the competition for limited land is fierce.
For instance, at one auction in Hefei’s Binhu district, 14.77 billion yuan (US$2.1 billion) in total was collected with premiums at four of the…

Source : South China Morning Post
Read more…China’s heated land market is reaching boiling point

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