Property News · April 12, 2019

China's land auction premiums rebound as credit taps reopen to developers


Chinese developers have become more aggressive in acquiring land at auction in second-tier cities, emboldened by improved financing and a stronger sales outlook.The average land auction premium over starting bidding prices in 300 major Chinese cities monitored by property consultancy China Index Academy rose to 23.7 per cent in March, compared with 10 per cent in February.The average land premium among second tier cities reached 24 per cent during the month, while average land prices jumped 46…

Source : South China Morning Post
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