Wuhan, the Chinese city at the centre of the coronavirus epidemic, has suspended several land auctions worth about 29 billion yuan (US$4.1 billion) a day before the bidding deadline, citing “virus outbreak” for the move.
The Wuhan Natural Resources and Planning Bureau on Tuesday halted the sale of 10 plots of land with a combined reserve price of 10.5 billion yuan, according to a notice posted on its website. It followed a decision on Monday to hold off an auction for six plots worth 18.24…
Source : South China Morning Post
Read more…Wuhan belatedly halts 29 billion yuan worth of land sales citing virus outbreak















