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 . . .
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