A building in the Heping Xinqu residential estate in Shenzhen’s Louhu district collapsed on Wednesday. Photo:Weibo

Shenzhen homeowners seize building collapse opportunity to make a quick profit, raise prices by 20 per cent

  • Homeowners in Heping Xinqu residential estate raise prices by 20 per cent within a day of the building collapse
  • They anticipate the Shenzhen government will redevelop the 29-year-old estate
Topic |   China property

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A building in the Heping Xinqu residential estate in Shenzhen’s Louhu district collapsed on Wednesday. Photo:Weibo
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