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China’s tier-two cities see land markets heat up as developers go on shopping spree

China's second-tier cities see land market heating up as property developers go on a shopping spree. Analysts say the recent real estate restrictions announced in Suzhou is a strong signal that the authorities are growing concerned about the overheating market.

According to data from Hong Kong-based Centaline Property, in April, China's tier-two cities raked in 293.3 billion yuan in land sales revenue, the highest amount in nearly two years.

A report from Shanghai E-House R&D Institute shows that land sales measured by floor space surged 70.8 per cent in April . . .

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