Several luxury residential projects in Shenzhen sold out quickly in May, with young elites from the semiconductor and artificial intelligence sectors replacing traditional tycoons as the most avid buyers.
Post-90s buyers, mainly technology professionals, accounted for 31 per cent of transactions for luxury homes over 10 million yuan (US$1.48 million) in the southern tech hub last year, according to Leyoujia, a research institute in Shenzhen. Members of the same generation – named for the decade…
Source : South China Morning Post
Read more…Young tech elites drive rise in Shenzhen luxury home sales after purchase curbs ease















