Property News · September 4, 2019

Developers hope to leverage Shenzhen’s model city status, price residential project as most expensive in its area


A 665-unit project in Shenzhen could be home to flats worth 20 million yuan, if its developers win approval for an average price of 100,000 yuan (US$13,928) per square metre, industry insiders said.Longhua Jinmao Palace, which was completed eight months ago and has been left unsold since then, could – at a 50 per cent premium over its neighbourhood – become the Shenzhen Longhua district’s most expensive residential development.Last week, China Jinmao Holdings Group and state-owned Power…

Source : South China Morning Post
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