Shenzhen has benefited from a raft of government measures aimed at boosting its housing market. Photo: ReutersShenzhen has benefited from a raft of government measures aimed at boosting its housing market. Photo: Reuters
Shenzhen has benefited from a raft of government measures aimed at boosting its housing market. Photo: Reuters

Home sales banned at Shenzhen housing estate after residents’ WeChat group urged owners to push up their prices

  • A group calling itself the ‘homeowners’ committee’ urged residents selling their flats to raise the price to at least 55,000 yuan per sq m, an average increase of 15 per cent
  • Housing bureau of Baoan district said it has stopped all home sales on the 1,200 unit estate because of ‘vicious speculation activity’
Topic |   China property
Shenzhen has benefited from a raft of government measures aimed at boosting its housing market. Photo: ReutersShenzhen has benefited from a raft of government measures aimed at boosting its housing market. Photo: Reuters
Shenzhen has benefited from a raft of government measures aimed at boosting its housing market. Photo: Reuters
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