A sales agent and the model of a property development at the 5th China (Shenzhen) Real Estate Fair in Shenzhen on May 4, 2010. Photo: Reuters.
A sales agent and the model of a property development at the 5th China (Shenzhen) Real Estate Fair in Shenzhen on May 4, 2010. Photo: Reuters.

Shenzhen relaxes rules for developers buying land, backing away from the cap that sent real estate auctions into a tailspin

  • According to the Shenzhen Planning and Natural Resources Bureau, more than one developer will be allowed to bid for land at the same price
  • The competition will be based on how many homes they can build under the “affordable” price category

Topic |   China property
A sales agent and the model of a property development at the 5th China (Shenzhen) Real Estate Fair in Shenzhen on May 4, 2010. Photo: Reuters.
A sales agent and the model of a property development at the 5th China (Shenzhen) Real Estate Fair in Shenzhen on May 4, 2010. Photo: Reuters.
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