China's Big Developers Shrug Off Short-Term Virus Impact To Splurge On Land

Source: https://www.straitstimes.com/business/property/chinas-big-developers-shrug-off-short-term-virus-impact-to-splurge-on-land

In the coming months, the real estate industry will see more merger and acquisitions due to the high land prices.  Developers believe it’s more prudent to acquire smaller companies to build their land bank instead of through public auctions.  Major developers are also expecting to start accumulating and building up land reserves as they continue to expect strong housing demand in the long run.

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