Property News · December 20, 2019

Home sales banned at Shenzhen housing estate after WeChat residents’ group urged owners to push up their prices


Authorities in Shenzhen have banned home sales in a housing estate in the district of Baoan after a group of residents tried to conspire to inflate prices.The Housing and Construction Bureau of Baoan said on Wednesday it has suspended the registration of all home sales in the Zhongliang Fenghuangli Huayuan residential estate because of “vicious speculation activity.”It followed the posting of a WeChat message on December 13 in which a group claiming to be the “homeowners’ committee” urged all…

Source : South China Morning Post
Read more…Home sales banned at Shenzhen housing estate after WeChat residents’ group urged owners to push up their prices