Evergrande’s debt crisis sates appetite for risk, forcing 206 plots to withdraw from China’s land auctions since September

Chinese local governments have withdrawn some 206 plots of land from auctions in major cities since last month as buyers tightened their finances after Evergrande’s debt crisis roiled the property market.The plots represented almost one-third of about 700 plots that were put up for sale in 22 cities including Beijing, Shanghai and Guangzhou. Since September, 15 cities have completed two rounds of auctions under a new centralised sale programme, according to Centaline Properties.In Beijing, 17…

Evergrande’s debt crisis sates appetite for risk, forcing 206 plots to withdraw from China’s land auctions since September
Chinese local governments have withdrawn some 206 plots of land from auctions in major cities since last month as buyers tightened their finances after Evergrande’s debt crisis roiled the property market.The plots represented almost one-third of about 700 plots that were put up for sale in 22 cities including Beijing, Shanghai and Guangzhou. Since September, 15 cities have completed two rounds of auctions under a new centralised sale programme, according to Centaline Properties.In Beijing, 17…