A construction site near residential buildings in Shenzhen on May 17, 2020. Photo: Reuters
Shenzhen raises supply of new homes as China’s tech hub moves to curb surging house prices
- Shenzhen plans to put 69,350 new flats up for sale by the end of the year, compared with the 50,434 that are currently being marketed
- Shenzhen’s home prices jumped 10 per cent in April, the fastest among the 70 major cities tracked by China’s statistics bureau
A construction site near residential buildings in Shenzhen on May 17, 2020. Photo: Reuters