Some of China’s biggest developers spent a combined 110 billion yuan (US$16.25 billion) in just one year snapping up 80 parcels of land in the “Greater Bay Area”, according to figures released on Tuesday by Real Estate Foresight.The Greater Bay Area, the size of Croatia and encompassing Hong Kong, Macau and nine mainland cities, is destined to be China’s innovation and financial powerhouse and embodies President Xi Jinping’s ambition to create a hub to rival Silicon Valley or the Tokyo Bay Area…
Source : South China Morning Post
Read more…Property giants including China Vanke, Country Garden splash out US billion on 80 plots of land in Greater Bay Area















