China's land market continues the downtrend after the authorities ramped up restrictions to prevent the market from overheating.
Meanwhile, the divergence between large and small developers widens, with top homebuilders still in a shopping mode while smaller ones cutting spending given more difficulties in securing funding and slower cash collection amid cooling home sales.
Total land sales measured by floor space in China's 40 major cities fell 7.9 per cent in October . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In