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Guangzhou, Shenzhen tighten grips on land auction, cap land price premium and limit home prices

The city of Guangzhou, capital of southern China's Guangdong province, and the technology hub of Shenzhen tightened rules for land auctions, in the latest move to rein in surging land prices and curb speculation in the market.

Land authority in Guangzhou said that land price premium in its second batch of centralized auction of 48 land plots rescheduled on September 26 and 27 will be capped at 15 per cent, with price premium on lands in . . .

 

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