Shenzhen, pictured, is one of nine mainland Chinese cities that make up the Greater Bay Area scheme. Photo: Martin Chan

Chinese developers lose appetite for land in Greater Bay Area as weaker sales, tighter credit clip their wings

  • The 20 biggest builders bought about a third less plots of land in the bay area after their shopping spree when the initiative was launched
  • The slowdown comes amid slumping property sales and after Beijing instructed banks to restrict their loans to the sector
Topic |   China property

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Shenzhen, pictured, is one of nine mainland Chinese cities that make up the Greater Bay Area scheme. Photo: Martin Chan
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