Local government financing vehicles are left struggling with large land inventories and tightening cash flows
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Residential land transactions dropped 13.6% year-on-year to 620 million square meters in 2025. Photo: Bloomberg
First-half residential land revenue in the Chinese capital falls sharply, reflecting a nationwide shift away from aggressive…
Fierce bidding for select plots in Beijing, Shanghai and Hangzhou masks a five-year low in land purchases by major developer
Years of reduced land acquisitions and sluggish demand have decimated the middle ranks of China’s real estate sector
State-backed builders are paying record prices for prime plots in top cities, betting luxury housing will offer safer cash flow…
Robust corporate tax receipts boost general budget, even as plunge in land revenues squeezes local finances
Transactions surged in Beijing and Shanghai in the first half of this year as companies and local investors acquired discounted…
