HONG KONG—Chinese property developers are slowing land purchases and plan to be more selective about where they build, as sales soften from tightening measures and a deteriorating economic outlook.
Market confidence has been hit by the Sino-U.S. trade war and buyers continue to be wary even though there have been recent signs of a loosening in policy in certain cities. A dearth of construction could add unexpected pressure on the economy in 2020.
