Dongguan’s average land premium has soared to 51 per cent, the highest among the nine mainland Chinese cities in the government’s bay area scheme. Photo: Shutterstock
Dongguan’s average land premium has soared to 51 per cent, the highest among the nine mainland Chinese cities in the government’s bay area scheme. Photo: Shutterstock

Can the ‘world’s factory’, Dongguan, tame its runaway land prices by changing auction rules?

  • Land prices in the manufacturing hub have soared as builders have used increasingly aggressive bidding tactics to get a foothold in the Greater Bay Area
  • Under a new auction mechanism, Dongguan’s land will be awarded to the developer whose offer is closest to the average of the bids submitted

Dongguan’s average land premium has soared to 51 per cent, the highest among the nine mainland Chinese cities in the government’s bay area scheme. Photo: Shutterstock
Dongguan’s average land premium has soared to 51 per cent, the highest among the nine mainland Chinese cities in the government’s bay area scheme. Photo: Shutterstock
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