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China’s land market cools further in October, divergence between big and small developers widens

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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 . . .

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