Property News · September 7, 2019

Shenzhen, a blueprint for Chinese cities, must abandon Hong Kong’s property model, warns China’s ‘godfather of real estate’ Meng Xiaosu


The southern city of Shenzhen, now a blueprint for China’s urban development, should abandon the Hong Kong property model it borrowed decades ago, warned the country’s “godfather of real estate”.Meng Xiaosu, who spearheaded China’s property reform policies in the 1990s, said Shenzhen and other cities in the Greater Bay Area should learn from the pitfalls of Hong Kong’s market, which he said included cramped conditions, wealth inequality and a chronic shortage of land for development.“Hong Kong…

Source : South China Morning Post
Read more…Shenzhen, a blueprint for Chinese cities, must abandon Hong Kong’s property model, warns China’s ‘godfather of real estate’ Meng Xiaosu

You may also like...