The average price of old homes in Shenzhen rose 10.3 per cent year on year in April, the highest among major cities in mainland China. Photo: Martin ChanThe average price of old homes in Shenzhen rose 10.3 per cent year on year in April, the highest among major cities in mainland China. Photo: Martin Chan
The average price of old homes in Shenzhen rose 10.3 per cent year on year in April, the highest among major cities in mainland China. Photo: Martin Chan

Shenzhen tries to aid property developers, but loosened curbs drive up prices of homes instead

  • Deposit required from developers bidding for plot in Guangming district cut by 40 per cent
  • Authorities also raise price cap for homes built in residential area of plot
Topic |   China property
The average price of old homes in Shenzhen rose 10.3 per cent year on year in April, the highest among major cities in mainland China. Photo: Martin ChanThe average price of old homes in Shenzhen rose 10.3 per cent year on year in April, the highest among major cities in mainland China. Photo: Martin Chan
The average price of old homes in Shenzhen rose 10.3 per cent year on year in April, the highest among major cities in mainland China. Photo: Martin Chan
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