People walk past a billboard advertising a new housing complex outside a construction site in Beijing. Some developers are desperate to acquire land in the nation’s capital. Photo: AFP People walk past a billboard advertising a new housing complex outside a construction site in Beijing. Some developers are desperate to acquire land in the nation’s capital. Photo: AFP
People walk past a billboard advertising a new housing complex outside a construction site in Beijing. Some developers are desperate to acquire land in the nation’s capital. Photo: AFP

China’s stricter rules for land auctions spell trouble for smaller developers

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People walk past a billboard advertising a new housing complex outside a construction site in Beijing. Some developers are desperate to acquire land in the nation’s capital. Photo: AFP People walk past a billboard advertising a new housing complex outside a construction site in Beijing. Some developers are desperate to acquire land in the nation’s capital. Photo: AFP
People walk past a billboard advertising a new housing complex outside a construction site in Beijing. Some developers are desperate to acquire land in the nation’s capital. Photo: AFP
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