February 18, 2025 01:42 GMT
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.
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