China plans to reclaim idle land using local bonds to boost its struggling property market.

China plans to use funds from local government bonds to reclaim idle residential and commercial land to support its property market, according to the Ministry of Natural Resources. The initiative aims to reduce land stock and improve liquidity. While reclaimed land won't typically be used for development in the same year, exceptions may be made if necessary, with strict controls on scale.

November 11, 2024
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