Property News · May 28, 2020

Shenzhen tries to aid property developers, but loosened curbs drive up prices of homes instead


Crystal Tan and her newly married husband have spent what would have been their honeymoon house-hunting in Shenzhen.“Buying a home is a priority – we need to get it done this month. Otherwise, we won’t be able to afford anything in this city with the money we have,” Tan, a trader with an international oil company, said. “We were not in a rush because we thought prices were under control, but now it seems that the government controls have been loosened.”Home seekers such as Tan are rushing to…

Source : South China Morning Post
Read more…Shenzhen tries to aid property developers, but loosened curbs drive up prices of homes instead

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