Many Chinese property developers are sensing growth potential this year. In the past 2 weeks, several key real estate companies, including Evergrande, R&F Properties and Country Garden all published their overseas financing plans for 2013.
It's estimated that these real estate powerhouses will invest over 5 billion U.S. dollars throughout the course of the year. Most of that money will be used to buy more land to put into reserve for future development.
Many developers soared over their sales quotas in 2012 and have raised their sales goals for this year. Greenland Group, for example, increased its sales target by more than 30 percent this year, while Evergrande by 25-percent.
Analysts say the moves reflect the positive outlook these developers have on the real estate market, and predicts the land premium is likely to be pushed up.
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