Land sales recover in major cities, slump elsewhere
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China’s land market is showing signs of life, but the recovery is concentrated in top-tier cities.
According to Caixin, in May, land sales revenue across China’s 30 biggest cities clocked in at RMB 45.1 billion, up 11.9% y/y.
In contrast, land sales in a sample of 300 smaller cities fell 26.5% y/y ...