Property News · June 14, 2022

Major Chinese cities see more land auctions being scrapped, as broke developers hobbled by ‘three red lines’ stay away


The proportion of plots of land withdrawn in the first round of auctions held recently in 20 major Chinese cities has increased, with cash-strapped developers reluctant to splash the cash.

Source : South China Morning Post
Read more…Major Chinese cities see more land auctions being scrapped, as broke developers hobbled by ‘three red lines’ stay away