Land supply still fails to satisfy big demand
By Zhang Yu (China Daily)Updated: 2006-11-14 09:20
"I reckon that most of the newly added supply of 40 land lots will finally be acquired by local developers," said Solo Cheung, marketing manager of Orient Overseas Real Estate Group, a Hong Kong-based developer.
Cheung believed that this will be due partly to the central government's latest curbs on foreign investment.
The bidding document required foreign developers to have been doing business in China for at least one year.
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