View of the city of Xi’an in Shaanxi province. Photo: Shutterstock

China developers turn to old-charm lower-tier cities for cheaper land bank as prices in Beijing, Shenzhen soar

  • Taiyuan and Xi’an are two cities where property developers have picked up more land bank as they avoid soaring prices in top-tier cities
  • Taiyuan land cost 2,476 yuan per sq m on average in 2019, compared with 2,624 yuan in Xi’an. Both are almost 10 times cheaper than Beijing and Shenzhen
Topic |   China property
View of the city of Xi’an in Shaanxi province. Photo: Shutterstock
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