2018-07-23

Shanghai Cancels 4 Land Sales Amid Crackdown

Volume leads price.

Mingtiandi: SHANGHAI CANCELS FOUR LAND SALES WORTH RMB 5.41B AS CLAMPDOWN DEEPENS
No reason was given for the cancellation of the site auctions, which included a pair of residential projects, along with two more commercial plots, however, analysts believe that tighter credit condition are making it more difficult for developers to purchase sites, at the same time that stricter enforcement of home purchase restrictions are cutting the growth rate of new home sales.

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