People walk past the temporarily closed SEG Plaza in Shenzhen in southern Guangdong province on May 24, a week after it began to shake unexpectedly, triggering widespread panic. Photo: AFP People walk past the temporarily closed SEG Plaza in Shenzhen in southern Guangdong province on May 24, a week after it began to shake unexpectedly, triggering widespread panic. Photo: AFP
People walk past the temporarily closed SEG Plaza in Shenzhen in southern Guangdong province on May 24, a week after it began to shake unexpectedly, triggering widespread panic. Photo: AFP

Cracks in Shenzhen home prices emerge in reaction to mysterious shaking of SEG skyscraper

  • Some apartment listings within 15 minutes’ walk of SEG Plaza are quoting about 7 per cent lower than their previous asking levels
  • A drop in prices of homes, shops, offices and land bank is inevitable, an E-House official says

Topic |   China property
People walk past the temporarily closed SEG Plaza in Shenzhen in southern Guangdong province on May 24, a week after it began to shake unexpectedly, triggering widespread panic. Photo: AFP People walk past the temporarily closed SEG Plaza in Shenzhen in southern Guangdong province on May 24, a week after it began to shake unexpectedly, triggering widespread panic. Photo: AFP
People walk past the temporarily closed SEG Plaza in Shenzhen in southern Guangdong province on May 24, a week after it began to shake unexpectedly, triggering widespread panic. Photo: AFP
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