A frenzied luxury home sale has locked up nearly 14 billion yuan (US$2 billion) in deposits from more than 2,700 interested buyers in Shenzhen – the largest in the tech hub’s history. However, some analysts are saying that the “market is overheated” after Beijing anointed the city as a “pilot zone” in August.A total of 2,794 individuals have each deposited 5 million yuan in banks to sign up for the flat sale lottery of project Sky Park, its state-owned developer Shenzhen Investment Holdings…
Source : South China Morning Post
Read more…Shenzhen property sale lottery locks up US billion in deposits – the largest in the city’s history















