Property News · June 26, 2020

Shenzhen leads the way as China turns to property investment frenzy to boost growth


Property investment has surged across cities in China, especially across the border from Hong Kong in Shenzhen, even though the broad economy is still struggling amid coronavirus pandemic, a trend that runs against Beijing’s intention of channelling more funds into farms and factories instead of office towers.Investment into real estate development in Shenzhen surged 17.0 per cent from a year ago in the January-May period, accelerating from a rise of 11.6 per cent in the first four months of…

Source : South China Morning Post
Read more…Shenzhen leads the way as China turns to property investment frenzy to boost growth