State-backed builders are paying record prices for prime plots in top cities, betting luxury housing will offer safer cash flow despite a nationwide property downturn
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Since the second quarter of 2026, land transaction activity in core cities has continued to rise, with high-premium land parcels emerging frequently. Photo: VCG
Fierce bidding for select plots in Beijing, Shanghai and Hangzhou masks a five-year low in land purchases by major developer
First-half residential land revenue in the Chinese capital falls sharply, reflecting a nationwide shift away from aggressive…
Record auction prices in Shanghai and Beijing are reviving hopes of a property revival, even though the frenzy has been confined…
Developer’s focus on high-end projects in resilient cities helped it secure the top spot in attributable sales, even as…
Record auction prices in Shanghai and Beijing are reviving hopes that the property slump is coming to an end, even though most of…
Demand is strong in top-tier cities, but remains subdued elsewhere
