Residential towers are seen in Shenzhen, the wealthiest city in southern Guangdong province. Photo: Reuters Residential towers are seen in Shenzhen, the wealthiest city in southern Guangdong province. Photo: Reuters
Residential towers are seen in Shenzhen, the wealthiest city in southern Guangdong province. Photo: Reuters
Shenzhen

Bad news for Shenzhen housing speculators as officials steer home prices below market levels

  • Shenzhen recorded a 48.4 per cent jump in prices over the past two years in February, outpacing gains in major Chinese cities
  • Some banks are said to have adopted the city’s reference prices for lived-in homes, potentially squeezing mortgage loan valuations and chilling demand

Topic |   Shenzhen
Residential towers are seen in Shenzhen, the wealthiest city in southern Guangdong province. Photo: Reuters Residential towers are seen in Shenzhen, the wealthiest city in southern Guangdong province. Photo: Reuters
Residential towers are seen in Shenzhen, the wealthiest city in southern Guangdong province. Photo: Reuters
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