China's big developers shrug off short-term virus impact to splurge on land: The Straits Times

China developer are still optimistic about the long term housing demand in China. They expect the impact of the coronavirus to be short-lived as supported by the strong rebound in sales last month, by 136% from February, after the travel restriction was lifted. Undeterred by the pandemic, they have set similar, if not more aggressive sales target for this year, with most ready to spurge and acquire more land parcels.

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

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