Blocks of flats tower over Qianhai in Shenzhen. Photo: SCMP Pictures

New tightened Shenzhen home rules to curb property bubble might hit Hong Kong buyers

Down payments are being raised for second home purchases and non-local buyers will be required to pay social security for three years

Topic |   Property policies

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Blocks of flats tower over Qianhai in Shenzhen. Photo: SCMP Pictures
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Summer Zhen

Summer Zhen

Summer Zhen is a business reporter covering the property markets in mainland China and Hong Kong as well as cross-border investments and the financial markets. Born in Shanghai, she holds a master's degree in Journalism from the University of Hong Kong and is a graduate of Waseda University in Japan. She has also studied in the US. A winner in the "Best Young Reporter" category at the 2014 Hong Kong News Awards, Summer previously worked for Phoenix TV and Ming Pao.