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  • THE ECONOMIC OBSERVER
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    Developers who Keep Land Idle for One Year Prohibited from Bidding for Land

    管理員

    The Ministry of Land and Resources and the Ministry of Housing and Urban Rural Development have released a notice prohibiting property developers who have kept land idle for one year from future bidding for land. It also states that land slated for construction of medium and small-sized government-subsidized housing should be increased in areas with high housing prices.

    Source
    The Beijing News

    Google Translation

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