Developers eye access to direct funding sources

Greenland has longed for a capital platform to support its rapid development. In May, it took control of Hong Kong-listed SPG Land Holdings Ltd after buying HK$3 billion ($386.8 million) worth of additional shares of the latter.

Su Xuejing, an analyst with China Securities, said that direct financing in the capital markets will help increase effective supply and guarantee the consistency and continuity of the market-based macro controls on the property market.

Analysts expect the property sector to have a sustained rebound following the removal of financing curbs for developers, which may come as an approval of their planned IPOs first.

"If the financing platform is reopened with more cash flowing to the property market in the near future, now is the best time to buy land, to avoid the increasing demand from developers when they obtain money," said Shao Wu, the chairman of Wenzhou Jingdu Realty Development Co Ltd.