LAND SUPPLY IS NEVER INADEQUATE, BUT ITS COMPOSITION CHANGES UNVEIL SECTORAL MARKET DEVELOPMENT TRENDS

Guangzhou has never been short of land supply for real estate development in almost all property sectors over the last decades. While the land supply is solely planned and controlled by the government as it is collectively state-owned, the Guangzhou local government managed to adjust the supply pace and replenish land to meet the changing demand for all kinds of real estate development by sector in an effective manner.