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Developer pays record 12,517 yuan psm for southern China land
Bidding frenzy sees six developers vie for 42,500 sq m plot in Dongguan manufacturing hub: report
Published Wed, Sep 21, 2016 · 09:50 PM
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Beijing
A PARCEL of land in China's southern manufacturing hub Dongguan sold for a record price after developers went into a bidding frenzy, the Shanghai Securities News reported on Wednesday, adding to worries the country's property market is at risk of overheating.
Six property developers vied fiercely for the plot of land with a total area of 42,500 square metres.
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