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China’s land market cools after tighter scrutiny, land price premium fell in July for first time this year

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Chinese authorities have introduced a slew of restrictive measures on the real estate sector this year, in particular on property developers' financing. The intensive crackdown are expected to drive the housing market into a downtrend soon.

Several key indicators for the land market weakened in July. Land price premium in the 40 major Chinese cities fell to 19.9 per cent in July, ending a six-month rising streak, versus 21.6 per cent in June, according to the E . . .

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