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
Topic |   Greater Bay Area

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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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