A construction site of a residential skyscraper in Shanghai. Photo: AFP
A construction site of a residential skyscraper in Shanghai. Photo: AFP

China’s biggest developers accelerate land acquisitions as market cools

The premiums being paid for parcels of land have fallen dramatically, with new regulations effectively barring smaller developers from bidding

A construction site of a residential skyscraper in Shanghai. Photo: AFP
A construction site of a residential skyscraper in Shanghai. Photo: AFP
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