Property News · July 11, 2018

Who cares about backlash when there’s profit in redeveloping old Shenzhen buildings


China’s biggest property developers are accelerating investments in redeveloping residential blocks for lease in Shenzhen’s urban villages to generate income growth, brushing off mounting opposition from affected tenants hurt by soaring rents in the city.
Country Garden Holdings, the biggest developer by sales, and Longfor Properties are joining a growing list of companies banking on redevelopment projects and an expanded leasing portfolio to make up for the slower regular home…

Source : South China Morning Post
Read more…Who cares about backlash when there’s profit in redeveloping old Shenzhen buildings

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