Mark Schlarbaum Irvine California

China’s ‘Land Kings’ Return as Housing Prices Rise

Housing prices are once again rising rapidly across China—and bids for land are going up, too SHANGHAI—The “land kings” are back. That had been a nickname for Chinese developers paying sky-high prices for land parcels during China’s property boom earlier this decade, which left so-called ghost cities of unsold housing across China. Now, with housing prices in China’s larger cities …