First-half residential land revenue in the Chinese capital falls sharply, reflecting a nationwide shift away from aggressive scale expansion
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In the first half of the year, Beijing sold 21 residential plots for 34 billion yuan ($5 billion), according to data released by the China Index Academy. Photo: VCG
Fierce bidding for select plots in Beijing, Shanghai and Hangzhou masks a five-year low in land purchases by major developer
Local government financing vehicles are left struggling with large land inventories and tightening cash flows
State-backed builders are paying record prices for prime plots in top cities, betting luxury housing will offer safer cash flow…
Transactions surged in Beijing and Shanghai in the first half of this year as companies and local investors acquired discounted…
Real estate transactions and prices in megacities like Shenzhen and Shanghai are rebounding, though a nationwide recovery remains…
Years of reduced land acquisitions and sluggish demand have decimated the middle ranks of China’s real estate sector
