Developers hope to leverage Shenzhen’s model city status, price residential project as most expensive in its area

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China Jinmao Holdings Group, Power Construction Corporation of China forked out 8.3 billion yuan for the site in 2016

Only nine projects have been priced at more than 100,000 yuan per square metre in Shenzhen

Topic | China property

Published: 8:15am, 4 Sep, 2019

Updated: 2:36pm, 4 Sep, 2019

Longhua is Shenzhen’s most expensive residential district. Photo: Pearl Liu

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