Workers at a construction site in Shenzhen. The city’s government has taken measures to cool down housing prices in the city. Photo: Reuters
Workers at a construction site in Shenzhen. The city’s government has taken measures to cool down housing prices in the city. Photo: Reuters

Shenzhen sells 21 of the 22 plots in city’s second land sale this year, fetching the government US$7 billion

  • Shenzhen Metro Group picked up the largest and most expensive site for the minimum bid price of US$974 million
  • Cooling measures introduced by the Shenzhen government have brought down home prices in the tech hub by 10 per cent this year

Topic |   China property
Workers at a construction site in Shenzhen. The city’s government has taken measures to cool down housing prices in the city. Photo: Reuters
Workers at a construction site in Shenzhen. The city’s government has taken measures to cool down housing prices in the city. Photo: Reuters
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