Land sales in 300 major Chinese cities declined in 2021 amid tightening real estate financing
Land sales in 300 major Chinese cities declined in 2021 amid tightening real estate financing

Land sales in 300 major Chinese cities declined in 2021 amid tightening real estate financing

 

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Land sales measured in area in China's 300 major cities reached 2.05 billion square meters in 2021 as of December 28, sliding 22% from the same period in the previous year, and the value of the land sales declined by 10% to 6.25 trillion yuan, according to data from the China Real Estate Information Corporation (CRIC).

Due to tightening financing for the real estate sector and a downtrend in China's housing . . .

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