Spending spree on bay area land is likely to prop up home prices
  • Home builders forked out US$12.59 billion on land in the first quarter, up 30 per cent from pre-pandemic levels
  • They are ‘betting on the future, and thus we see home prices staying expensive there,’ said Yan Yuejin of the E-house China Research and Development Institute
13 Apr 2021 - 9:30AM