The latest figures show new land coming onto the market in Beijing has been cut this year to 3,900 hectares from 4,100 in 2016, while residential quotas have been slashed to 610 hectares from 1,200 last year. Photo: Bloomberg

Mainland property firms consolidate, as prime land prices soar and policy controls continue to bite

Domestic real estate M&As accelerated in the first half of 2017 prompted by land bidding prices soaring to US$44.6 billion in total, a 78.5pc rise

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The latest figures show new land coming onto the market in Beijing has been cut this year to 3,900 hectares from 4,100 in 2016, while residential quotas have been slashed to 610 hectares from 1,200 last year. Photo: Bloomberg
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