May
19
China Homebuilder Sunac Says Acquisition Spree to Continue
By-
Company in talks to buy ‘many, many projects,’ chairman says
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Land prices at open auctions in some cities ‘absurd,’ Sun says
Sunac China Holdings Ltd., which ranks among China’s most active real estate buyers this year, is in talks to acquire more land from other developers because prices at government auctions have risen to “absurd” levels, Chairman Sun Hongbin said.
“We’re in talks on many, many projects, big and small,” in cities including Beijing and Shanghai, Sun said in an interview in Beijing. “The prices are all fairly reasonable” compared to open auctions where many land parcels have been sold at prices higher than completed homes, he said…
China Homebuilder Sunac Says Acquisition Spree to Continue
