Property News · November 3, 2016

Mainland developers see the value of teamwork in tougher market conditions


Chinese builders are teaming up with each other to develop land they paid record premiums for at the market’s peak, as they try to withstand tightening liquidity and a dimmer outlook in the wake of property cooling measures.
At least eight major developers have partnered with their peers to jointly develop parcels of land they snapped up before October, according to the Post’s tally. They purchased plots at record prices in the first nine months of 2016 as cash-flushed developers…

Source : South China Morning Post
Read more…Mainland developers see the value of teamwork in tougher market conditions

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