China Resources Land led a surge in mainland Chinese property developers on the back of impending change in land-sale method in large cities. Photo: Getty Images
Mainland property developers surge as major Chinese cities prepare to alter land auction system
- China Resources Land, Country Garden led gainers in Hong Kong as major cities to limit land sales to three times in 2021
- Move seen as positive to lowering acquisition cost, improving margins and gearing for stressed developers
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China Resources Land led a surge in mainland Chinese property developers on the back of impending change in land-sale method in large cities. Photo: Getty Images
