State-supported property developers in China are once again ramping up land acquisitions, now at elevated prices. This renewed activity is a direct result of the government's recent easing of price controls, which aims to breathe life back into a prolonged market slump that has weighed down the economy for over four years. As per an analysis by China Index Academy, 37% of land parcels were sold at prices at least 20% over the initial asking price, a notable increase from just 14% last year and a mere 4.6% in 2023.