Average land prices in the first-tier cities have soared 42 per cent so far this year. Photo: AFP Average land prices in the first-tier cities have soared 42 per cent so far this year. Photo: AFP
Average land prices in the first-tier cities have soared 42 per cent so far this year. Photo: AFP

Land prices firm up as China's interest rate cut spurs buying

Developers believe the worst is behind as Beijing policy change encourages more bullish outlook

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Average land prices in the first-tier cities have soared 42 per cent so far this year. Photo: AFP Average land prices in the first-tier cities have soared 42 per cent so far this year. Photo: AFP
Average land prices in the first-tier cities have soared 42 per cent so far this year. Photo: AFP
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