The increasingly draconian land acquisition rules being applied in mainland China’s largest cities are pushing most small developers out of business and driving larger ones to acquire land via alternative channels, say industry experts.
After many Chinese developers turned their back on the oversupplied lower-tier cities they pinned their hopes on first and second-tier cities but found that the going got surprisingly tough. Last week’s land sales in Beijing was a case in point…
Source : South China Morning Post
Read more…China’s stricter rules for land auctions spell trouble for smaller developers
