Shenzhen’s skyline as seen from the observation deck of the city’s Ping An Finance Centre on Thursday, August 15, 2019. Photo: Bloomberg

Shenzhen’s buyers snap up new homes two weekends in a row, defying a government plan to flood China’s Silicon Valley with cheap public abodes

  • Sales of new homes increased for two consecutive weekends
  • The city’s government announced an ambitious plan to add 1 million public homes to the housing supply, capping their prices at 50,000 yuan per square metre on October 23.
Topic |   China property

TOP PICKS

Shenzhen’s skyline as seen from the observation deck of the city’s Ping An Finance Centre on Thursday, August 15, 2019. Photo: Bloomberg
READ FULL ARTICLE