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Chinese Developers More Active in Financing, Buying Land: Journal

CHINA PRESS
MNI (Singapore)

Listed real estate companies in China have increased financing activities significantly with lower costs and large amount, mainly to add liquidity, restructure or repay debts and invest in new projects, China Securities Journal reported. Most financing interest rates are kept within 5%, the newspaper said. The real estate market has gradually stabilized at the bottom as developers’ financing condition improved amid eased regulations, and developers increased bids for land in recent auctions, the newspaper said citing Zhang Dawei, chief analyst of Centaline Property.

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