Property News · October 8, 2019

Chinese developers lose appetite for land in Greater Bay Area as weaker sales, tighter credit clip their wings


Chinese developers have been losing their appetite for land in the Greater Bay Area (GBA) as they find themselves short of funds amid weakening property sales and a government crackdown on debt, new figures show.Ninety-three parcels of land were snapped up by the 20 major developers tracked by data consultancy Real Estate Foresight in the 12 months to July in the nine cities in Guangdong Province that are part of the bay area plan.That represents a slump of around 30 per cent from the previous…

Source : South China Morning Post
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