TREE NEWS update: Beijing’s first high-value land auction since the August 28 housing policy shift saw a significant cooling, with one plot’s live bidding abruptly suspended. Two residential parcels in Chaoyang and Shunyi, with a combined starting price of 14.592 billion yuan, ended online bidding. The market views this as a stress test for the shift to completed-home sales.
Beijing Land Auction Cools as First Post-New-Rules Sale Sees Halt
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