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China’s land sales slowed, price premium hit four-month low in September as financing rules for developers tighten

Chinese real estate developers slowed land acquisitions in September as the authority's tightening rules on homebuilders' debt and leverage have turned them more cautious in acquiring land reserves.

The average price of land sold in the 300 major Chinese cities fell 2 per cent in September from the previous month to 2,621 yuan ($390) per square meter, marking the third monthly decline in a row, according to the property consultancy China Real Estate Information Corp . . .

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