28 May 2025 | 5:58PM CST China Property Improving land investment efficiency to lift margin/ROE and support further valuation recovery Along with the diverging property market performance at the city level, our coverage universe has been aligning their new project investment towards better performing markets and product segments. 86% of our coverage's land bank investment during 2024-1Q25 has been concentrated in the Top 10 cities where we see earlier price recovery signs on better supply and demand dynamic ...