Idle plots further compound realty crunch in Shanghai
By Wang Ying | China Daily | Updated: 2010-01-08 08:06
SHANGHAI: Listed property developers have been cornering huge plots and often leaving them undeveloped, further compounding the land shortage in Shanghai, said a new report.
Over 330 plots earmarked for residential development are lying idle due to various reasons, said the report released by E-House (China) Holdings Ltd, a leading property service provider.
Prominent among the names in the list are biggies like Cheung Kong (Holdings) Ltd, Hutchison Whampoa Ltd, Shui On Land Ltd, Vanke and Shanghai Industrial Development Co Ltd.
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