The latest record-breaking deal was seen in Hangzhou where a land site sold for 12.32 billion yuan (HK$14.5 billion) on May 27. Photo: Xinhua

Rapid recovery in China’s property market may not be sustainable as developers pile on debt

Record high price paid for land site in Hangzhou illustrates the trend as developers compete for limited new supply

Topic |   China property

TOP PICKS

The latest record-breaking deal was seen in Hangzhou where a land site sold for 12.32 billion yuan (HK$14.5 billion) on May 27. Photo: Xinhua
READ FULL ARTICLE