Property News · January 10, 2017

Shenzhen steps up urban redevelopment to tackle residential land supply shortage


The southern Chinese city of Shenzhen is getting more aggressive in launching urban redevelopment projects amid a severe shortage of residential land supply and surging home prices.
Such projects – which involve converting existing, often dilapidated, buildings into new homes – will become the most intense area of competition among companies eager to profit from the country’s most expensive property market, analysts say.
Shenzhen approved 91 redevelopment projects in 2016, the highest…

Source : South China Morning Post
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