Property News · September 28, 2016

Shenzhen’s success as innovation hub seen by some as model for all of China


Last year Steve Guo, an engineer in his 40s living in Shenzhen, China’s hub for technology innovation, sold two small units and bought a four-bedroom apartment through mortgage loans.
The two old properties sold for a total of about 7 million yuan while the new one cost almost 12 million yuan. But Guo and his wife, each earning a salary of about 15,000 yuan per month, are not worried about the gap because they believe home prices in Shenzhen will keep soaring for years to come as the city…

Source : South China Morning Post
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