Qingdao in Shandong province halted the centralised auction of 100 plots of land on Wednesday. Photo: EPA
Qingdao in Shandong province halted the centralised auction of 100 plots of land on Wednesday. Photo: EPA

Major Chinese cities halt second round of centralised land sales after first round failed to curb developers’ appetite and tame prices

  • Shenzhen, Tianjin and Qingdao are among cities to call off their latest land auctions as they consider ways to improve the new system designed to cool the housing market
  • It comes after the first round of auctions under the new regime earlier this year failed to achieve the objective of taming the appetite of developers and keeping a lid on prices

Topic |   China property
Qingdao in Shandong province halted the centralised auction of 100 plots of land on Wednesday. Photo: EPA
Qingdao in Shandong province halted the centralised auction of 100 plots of land on Wednesday. Photo: EPA
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