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China property firms increase land holdings

Posted on 22 November 2012

At a time when local governments are eager to boost revenues, China’s major property developers have accelerated their land purchases amidst a cautious recovery in the real estate market.
The country’s top real estate firms led by China Vanke Co. Ltd. have taken advantage of low land prices and have broaden their land banks with about $1.34 billion (8.87 billion yuan) in first- and second-tier cities at the onset of the fourth quarter, official data from local governments showed………………………………………..Full Article: Source


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