SCMP: Land buying in China’s first-tier cities could drag them out of property downturn soon
“Land acquisition appetite is certainly higher in first-tier cities where land supply is limited,” said Alan Jin, an analyst at Mizuho Securities.
He noted land price in tier-1 cites were up even in 2014.
“We expect land price in all tier-1 cities would continue to grow, very likely at a faster pace than last year,” he said.
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