Property News · July 29, 2020

Shenzhen housing market gets chilling effect as policy curbs flush out speculative buyers


China’s housing market is blowing hot and cold in a struggling economy, where property investors trying to catch a post-pandemic rebound have been knocked back by local policy disciplinarians.Nowhere is that more evident than the sudden squeeze this month in Shenzhen, the Silicon Valley of China and a speculative hotbed in the southern province of Guangdong that borders Hong Kong.Some homeowners have started slashing their asking price by about 5 to 7 per cent after local authorities introduced…

Source : South China Morning Post
Read more…Shenzhen housing market gets chilling effect as policy curbs flush out speculative buyers

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