Property News · June 24, 2019

Shenzhen’s largest residential land sale since 2001 draws the attention of more than 80 Chinese and Hong Kong developers


More than 80 Chinese and Hong Kong developers are expected to engage in fierce bidding when the tender for five residential sites in Shenzhen opens on Monday, as the city known for its scarce land supply, auctions the largest volume of land in a single day in nearly two decades.The auction will test developers’ financial resolve as they look to bolster their position in Shenzhen, a key technology hub in the Greater Bay Area that integrates nine cities in Guangdong province with Hong Kong and…

Source : South China Morning Post
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