A man drives a tractor carrying building materials past a property under construction in Xiongxian county, Hebei province, China. Photo: Reuters A man drives a tractor carrying building materials past a property under construction in Xiongxian county, Hebei province, China. Photo: Reuters
A man drives a tractor carrying building materials past a property under construction in Xiongxian county, Hebei province, China. Photo: Reuters
China property

China’s runaway house prices may ease as centralised land sale forces developers to curb spending spree

  • Developers will be forced to rethink their acquisition plans as land will be sold only three times a year under the new system
  • Land sales in China rose 15.9 per cent last year to 8.4 trillion yuan (US$1.3 trillion), with many plots fetching record prices

Topic |   China property
A man drives a tractor carrying building materials past a property under construction in Xiongxian county, Hebei province, China. Photo: Reuters A man drives a tractor carrying building materials past a property under construction in Xiongxian county, Hebei province, China. Photo: Reuters
A man drives a tractor carrying building materials past a property under construction in Xiongxian county, Hebei province, China. Photo: Reuters
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