Free Trial

CHINA PRESS: Guangdong Quickens Land Acquisition From Developers

CHINA PRESS

Guangdong province has taken the lead in purchasing vacant land from housing developers using local government special bonds, with nine cities planning to buy 63 plots valued at CNY18.3 billion, Securities Times reported, noting the land transactions generally came with a discount of 10-20% on land transfer price. Revitalising the large amount of undeveloped land in cities will help improve the liquidity of developers and stabilise market expectations, the newspaper said, citing analysts.

73 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Guangdong province has taken the lead in purchasing vacant land from housing developers using local government special bonds, with nine cities planning to buy 63 plots valued at CNY18.3 billion, Securities Times reported, noting the land transactions generally came with a discount of 10-20% on land transfer price. Revitalising the large amount of undeveloped land in cities will help improve the liquidity of developers and stabilise market expectations, the newspaper said, citing analysts.