Chinese developers’ spending binge on land acquisitions unabated as it triples to US$228 billion from five years ago

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China’s top 20 developers have tripled their spending on land acquisitions in the first nine months of this year compared to five years ago, with most of it focused on “new first tier” cities such as Wuhan, according to a report from a leading research firm.The top players including Country Garden Holdings, China Evergrande, China Vanke, Greenland Holdings and China Overseas Land & Investment invested 1.5 trillion yuan (US$228.3 billion) between January and September on growing their land bank,…

A Global Asset Management Seoul Korea Magazine

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