An apartment block under construction in Nanjing, Jiangsu province. Average property prices in second-tier Chinese cities rose for a sixth consecutive month in May. Photo: Sean Yong, Reuters

Soaring land prices continue to shrink developers’ margins

Moody’s predicts home sales growth in China will fall to single digits until May 2017, down from 32.2 per cent this year and 16.6 per cent rise in 2015

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An apartment block under construction in Nanjing, Jiangsu province. Average property prices in second-tier Chinese cities rose for a sixth consecutive month in May. Photo: Sean Yong, Reuters
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