Chinese developers wary at land sales | Realestate Briefing

China?s property market has begun to show signs of a modest rebound, but property developers? skittishness at land auctions shows lingering strains from Beijing?s campaign to bring down property prices. A number of cities, including Shenyang, Dalian, Zhuhai and Tianjin, have seen disappointing land auctions, with many real-estate developers reluctant to add to their land holdings. That is bad news for local governments, which depend on land sales for a large slice of their revenue???????????????..Full Article: Source

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Source: http://www.opalesque.com/Realestate_Briefing/?p=51253

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