Caixin OnlineBusiness & IndustryTop Stories Industry Questions as Developers Spend Big on Land Deals
07.23.2013 12:03

Questions as Developers Spend Big on Land Deals

Property firms have been aggressively pursuing new plots, but a slowdown in home sales has raised concerns about their prospects
By staff reporter Zhu Yishi

(Beijing) – Official statistics show that total land transactions for commercial development in Beijing, Shanghai and Guangzhou in the first half of the year reached 167.5 billion yuan, close to the total for all of 2012.

Since the beginning of the year, land transactions have rapidly revived in larger cities, and auction records have been broken in various cities since the beginning of May.

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