Advertisement

Shining in Shenzhen and Zhuhai

Reading Time:2 minutes
Why you can trust SCMP
SCMP Reporter

The clouds that have dulled mainland property prospects stay away from Delta

Property development was one of the first areas to come under scrutiny when Beijing sought to cool the economy.

The policy on property loans was tightened and banks were effectively banned from lending to developers to buy land, while access to credit to buy luxury villas and expensive apartments was curtailed.

Advertisement

But there is little to suggest that the policy of 'macroeconomic controls' is dampening entrepreneurial spirit in the property market in the Pearl River Delta, especially in cities such as Zhuhai and Shenzhen.

One optimistic Zhuhai official, speaking in a private capacity, said: 'We might not look as bustling as Shenzhen, but we are selling on tranquillity and peacefulness.'

Advertisement

Looking ahead, he said the planned bridge between Macau and Hong Kong and the future express rail to Guangzhou would help to make Zhuhai another southern China hub, with links to the rest of the region.

Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x