Free Trial

Land sales are cooling in China as......>

CHINA PRESS
CHINA PRESS: Land sales are cooling in China as tight controls on the property
market weigh on financing and confidence in the sector, Securities Daily
reported Tuesday. 
  - As of August, 807 land auctions have failed this year, with 795.4 billion
square meters of land unsold, the newspaper said, citing data from China Index
Academy;
  - The total number of failed land auction cases is 7.3 times that of last
year, the newspaper said;
  - More failed cases happened in Tier-1 and Tier-2 cities, the report said,
citing analysts;
  - Property developers are acquiring less land, as financing pressures are
still increasing despite high-level sales, the newspaper said, citing Zhang
Dawei, chief analyst at Centaline Group.

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.