Property News · February 21, 2017

Shanghai, Beijing land markets cool as funding constraints squeeze developers


A dramatic fall in the premiums being paid for land in Beijing and Shanghai suggests government efforts to cool the market by placing tough financing constraints on developers are having a profound effect.
Five parcels of land in the two cities sold at auction last week at premiums that were just a fraction of what they were a few months ago.
Three plots of residential land in Shanghai were sold last Friday for a total of 4.5 billion yuan, a premium of just 1 per cent above the government-set…

Source : South China Morning Post
Read more…Shanghai, Beijing land markets cool as funding constraints squeeze developers

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