https://www.scmp.com/rss/320902/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com A land plot in Beijing failed to find a buyer for the first time in more than two years last Friday, as the government’s measures to cool the land market continue to take effect. The failed sale of the 3.6 hectares (36,000 square metres) mix-use site that includes a residential parcel in the Pinggu district in the outskirts of Beijing marks a stark contrast to the successful sale of a similar but bigger site in the district that sold in August at the highest price level allowed by the... https://www.scmp.com/property/hong-kong-china/article/2118651/beijing-first-failed-land-sale-two-years-shows-developers?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2118651/beijing-first-failed-land-sale-two-years-shows-developers?utm_source=rss_feed Tue, 07 Nov 2017 04:33:21 +0000 Luck mattered more than money for hundreds of property developers who bid on eight plots of land put up for auction by a local government, in a frenzied scene in China’s real estate market. At least 400 developers from across the country jammed into a grand theatre in Jiaxing, a small Chinese city nestled between Shanghai and Hangzhou, on Monday for the land auction. It took just five minutes for the first plot of land to hit a ceiling price imposed by the government, requiring the use of a... https://www.scmp.com/news/china/economy/article/2095444/how-chinas-most-contested-land-auction-drove-developers-frenzy?utm_source=rss_feed https://www.scmp.com/news/china/economy/article/2095444/how-chinas-most-contested-land-auction-drove-developers-frenzy?utm_source=rss_feed Wed, 24 May 2017 00:04:28 +0000 China’s land sales in 50 major cities surged 73 per cent in the first two months of 2017 despite a raft of measures rolled out in a bid to cool the red-hot property market. Fifty city governments received a total of 452.8 billion yuan (US$65.6 billion) from land auctions during January and February this year, up from 262.5 billion yuan in the same period of 2016, Centaline Property data shows. Second-tier cities including Wuhan in Hubei Province, Hefei in Anhui Province and Nanjing in Jiangsu... https://www.scmp.com/business/article/2076753/chinas-city-land-sales-surge-73-cent-despite-cooling-measures?utm_source=rss_feed https://www.scmp.com/business/article/2076753/chinas-city-land-sales-surge-73-cent-despite-cooling-measures?utm_source=rss_feed Tue, 07 Mar 2017 10:25:55 +0000 Land sales for 2017 have just begun in China and it is interesting to review the performance of these initial land sales in various cities amid the government’s tightened policies implemented to cool off sizzling land prices. In many cities, the land market is red hot and reaching their peaks while the competition for limited land is fierce. For instance, at one auction in Hefei’s Binhu district, 14.77 billion yuan (US$2.1 billion) in total was collected with premiums at four of the seven... https://www.scmp.com/property/hong-kong-china/article/2076453/chinas-heated-land-market-reaching-boiling-point?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2076453/chinas-heated-land-market-reaching-boiling-point?utm_source=rss_feed Tue, 07 Mar 2017 07:03:44 +0000 Some of China’s leading developers are quickly snapping up plots of land at knock-down prices after new cooling measures effectively blocked their smaller competitors from bidding. Under new policies introduced in October in several mainland cities, developers are barred from bidding for land using borrowed money. They now have to rely entirely on their own cash to buy land, which gives cash-rich property giants a distinct advantage over most small players. The result has been a dramatic fall in... https://www.scmp.com/property/article/2060593/chinas-biggest-developers-accelerate-land-acquisitions-market-cools?utm_source=rss_feed https://www.scmp.com/property/article/2060593/chinas-biggest-developers-accelerate-land-acquisitions-market-cools?utm_source=rss_feed Tue, 10 Jan 2017 06:01:10 +0000 Where is China’s property market heading? Land sales are notching up one record one after another in some Chinese cities. Not surprisingly most of the developers have rung in impressive half-yearly earnings numbers. But beneath the impressive numbers lies a different story, especially when one factors in the views of less glamorous players in the sector like contractors. George is one of them. “We are paying more to win projects,” the veteran industry player said. No, you are not reading some... https://www.scmp.com/business/china-business/article/2009586/brick-and-mortar-facade-buries-real-truth-about-chinas?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2009586/brick-and-mortar-facade-buries-real-truth-about-chinas?utm_source=rss_feed Fri, 26 Aug 2016 14:59:38 +0000