Beijing has only sold a third of the land it aims to supply in 2018. Photo: Reuters

Beijing scores US$4.5 billion in record land sales after easing controls to prop up property market

  • But analysts warn that the successful sale of the 12 sites in one day is no indication of a market recovery

Topic |   China property

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Beijing has only sold a third of the land it aims to supply in 2018. Photo: Reuters
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Zheng Yangpeng

Zheng Yangpeng

Zheng Yangpeng is a business reporter at the Post, covering China property, banking and finance. He previously worked for China Daily, joining the Post in 2016. He holds a Bachelor's Degree in Journalism and Communication from Peking University, and a Master's Degree in Global Business Journalism from Tsinghua University.