Land prices on the mainland soared 35 per cent and home prices in major cities surged more than 20 per cent last year despite measures to cool the market. Photo: Edward Wong

China faces land sales dilemma

Record revenues from land auctions help ease debt burden for local governments while raising the spectre of more curbs

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Land prices on the mainland soared 35 per cent and home prices in major cities surged more than 20 per cent last year despite measures to cool the market. Photo: Edward Wong
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