Shenzhen’s housing market has gone into deep freeze, as a mixture of anti-speculation measures and a slowing economy sent the market contraction into overdrive, causing sales of lived-in homes in the secondary market to plunge to a 15-year low.Sales of second-hand homes plunged 60 per cent to 40,699 last year, from 95,273 transactions in 2020, according to data provided by the Shenzhen Real Estate Intermediary Association. Last year’s volume was the lowest since 2007.Shenzhen’s sales plunge…
Source : South China Morning Post
Read more…Shenzhen’s 2021 lived-in home sales shrink to 15-year low as China’s property market freeze sets in
