Land parcels in Shanghai, pictured, and Beijing have been selling at auction for much lower premiums than a few months ago. Photo: Xinhua

Shanghai, Beijing land markets cool as funding constraints squeeze developers

Money raised by developers in debt market slumped 92 per cent in January from a year earlier

Topic |   China property

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Land parcels in Shanghai, pictured, and Beijing have been selling at auction for much lower premiums than a few months ago. Photo: Xinhua
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