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Real Estate Briefing - Categorized | Developers, Market Moves more

Chinese developers wary at land sales

Posted on 15 August 2012

China’s property market has begun to show signs of a modest rebound, but property developers’ skittishness at land auctions shows lingering strains from Beijing’s campaign to bring down property prices.
A number of cities, including Shenyang, Dalian, Zhuhai and Tianjin, have seen disappointing land auctions, with many real-estate developers reluctant to add to their land holdings. That is bad news for local governments, which depend on land sales for a large slice of their revenue………………………………………..Full Article: Source


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