The Beijing skyline. The problem of aggressive bidding for mega-pricey lands came to the fore when Sunac China bought a prime lot in the capital at more than 70,000 yuan, he highest ever on the mainland. Photo: AFP

China’s red-hot land sales might hurt developers' bottom line: analysts

Mainland firms must keep an eye on their profit margins, not just market share, amid rush to buy increasingly pricey land – netting record proceeds of 167 billion in Beijing alone

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The Beijing skyline. The problem of aggressive bidding for mega-pricey lands came to the fore when Sunac China bought a prime lot in the capital at more than 70,000 yuan, he highest ever on the mainland. Photo: AFP
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