China's land market heating up as developers rush to buy land amid loosening liquidity

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China's land market is showing signs of heating up in April as the country's economic activities slowly get back to normal after months of lockdown.

Property developers accelerated land purchasing, taking advantage of the loosening liquidity amid the government efforts to shore up the economy in the wake of coronavirus outbreak.

The country’s top 100 land-buying developers spent a combined 388.2 billion yuan acquiring land in April, surging 108.9 per cent from the previous month, 7.2 per cent higher than a year earlier, according to a report . . .

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