Residential buildings and offices are seen in Shenzhen in September 2019. Live-in home prices rose to an all-time high in 2020. Photo: Reuters Residential buildings and offices are seen in Shenzhen in September 2019. Live-in home prices rose to an all-time high in 2020. Photo: Reuters
Residential buildings and offices are seen in Shenzhen in September 2019. Live-in home prices rose to an all-time high in 2020. Photo: Reuters
Shenzhen

Shenzhen announces ban, penalty on property cheats as homebuyers try new tricks to profit from red-hot market

  • City’s housing bureau found 12 fraud cases of buyers using other people’s identities to purchase new homes in a recent project to skirt ownership limits
  • Cheats will now face a three-year ban and be barred from buying or renting units under city’s affordable and talent-based schemes

Topic |   Shenzhen
Residential buildings and offices are seen in Shenzhen in September 2019. Live-in home prices rose to an all-time high in 2020. Photo: Reuters Residential buildings and offices are seen in Shenzhen in September 2019. Live-in home prices rose to an all-time high in 2020. Photo: Reuters
Residential buildings and offices are seen in Shenzhen in September 2019. Live-in home prices rose to an all-time high in 2020. Photo: Reuters
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