China's Sunac says land purchases from other developers to continue
Beijing
SUNAC China Holdings Ltd, which ranks among China's most active real estate buyers this year, is in talks to acquire more land from other developers because prices at government auctions have risen to "absurd" levels, chairman Sun Hongbin said.
"We're in talks on many, many projects, big and small," in cities including Beijing and Shanghai, Mr Sun said in Beijing. "The prices are all fairly reasonable" compared to open auctions where many land parcels have been sol…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans