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Home / South China Morning Post / Shenzhen relaxes rules for developers buying land, backing away from the cap that sent real estate auctions into a tailspin

Shenzhen relaxes rules for developers buying land, backing away from the cap that sent real estate auctions into a tailspin

Summary:
[unable to retrieve full-text content]Shenzhen has relaxed the conditions for taking part in land sales, one of the first among China’s local authorities to backtrack from the draconian measures that have sent the entire country’s real estate industry into a tailspin.According to the new rules laid out by the Planning and Natural Resources Bureau of China’s technology metropolis, more than one developer will be allowed to bid for land at the same price, where the competition will be based on how many homes they can build under the …

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[unable to retrieve full-text content]
Shenzhen has relaxed the conditions for taking part in land sales, one of the first among China’s local authorities to backtrack from the draconian measures that have sent the entire country’s real estate industry into a tailspin.According to the new rules laid out by the Planning and Natural Resources Bureau of China’s technology metropolis, more than one developer will be allowed to bid for land at the same price, where the competition will be based on how many homes they can build under the …

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