Property News · August 25, 2021

Home prices in China’s school districts go off the boil amid crackdown on elitism to ensure balanced allocation of resources


China’s home prices are falling in districts where the most prestigious schools are located, as efforts by local authorities to tamp down the home-buying frenzy in school districts are paying off.A home in Futian, the seat of Shenzhen’s municipal government and the city’s central business district, sold last week for 98,884 yuan (US$15,250) per square metre, 42 per cent less than a home sold in the same neighbourhood three months earlier. The home, measuring 105 square metres (1,130 square feet…

Source : South China Morning Post
Read more…Home prices in China’s school districts go off the boil amid crackdown on elitism to ensure balanced allocation of resources