Within four decades since China embarked on its ‘reform and opening-up’ policy, Shenzhen has transformed itself from a small farming town into a booming modern metropolis. Photo: Xinhua

Shenzhen to adopt Singapore housing policy and drop Hong Kong model

  • Shenzhen plans to offer 1 million homes at as low as half of the prevailing market rate, according to a policy paper released last month
  • High cost of living seen as a factor driving away skilled workers
Topic |   China property

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Within four decades since China embarked on its ‘reform and opening-up’ policy, Shenzhen has transformed itself from a small farming town into a booming modern metropolis. Photo: Xinhua
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