Property News · September 10, 2021

Qianhai economic zone’s expansion to benefit state-owned developers with massive land banks


State-owned developers with massive land banks in Qianhai stand to benefit the most from an expansion of the economic zone, as demand for houses is likely to increase on the back of a steady influx of talent.The zone, which was originally created in 2009 to foster cooperation between Shenzhen and Hong Kong, will increase in size from 14.9 sq km to 120.6 sq km to entice more businesses to open operations in the area, according to a blueprint unveiled by the State Council, China’s cabinet, on…

Source : South China Morning Post
Read more…Qianhai economic zone’s expansion to benefit state-owned developers with massive land banks

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