Hebe Guo, a 30-year-old PR manager, and her husband, a financial manager in a state-run bank, are moving from Shenzhen to Guangzhou, because of the gap in residential property prices in the two Chinese first-tier cities. Property in Shenzhen is much more expensive even though Guangzhou is already among the world’s priciest housing markets.
With the average price for a new flat at less than 20,000 yuan (US$3,007) per square metre – about two-fifths of that in Beijing and Shenzhen…
Source : South China Morning Post
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