High land prices have pushed up the value of plots such as this rice field on the outskirts of Shanghai, Photo: Bloomberg

How China’s most contested land auction drove developers into a frenzy

Luck mattered more than money for hundreds of property developers bidding on eight plots of land put up for auction by local governments in Jiaxing

Topic |   China Land Sale

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High land prices have pushed up the value of plots such as this rice field on the outskirts of Shanghai, Photo: Bloomberg
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