Land market in China's capital of Beijing is turning cold as real estate developers face tight financing and slowing home sales.
Among the 43 land parcels offered for the second round of land auctions this year, only 17 plots changed hands, and the city generated 51.3 billion yuan of revenue from the land sales, nearly half of the 110.9 billion yuan in its first round of land auctions five months earlier, according . . .
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