A construction worker selects wooden planks at a residential site in Hefei. Photo: Reuters

Hefei becomes latest Chinese property hotspot, with sky-high prices being driven by record land costs and speculative out-of-town buyers

Investors rush to get into the market, ahead of possible restrictions on purchases by non-residents

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A construction worker selects wooden planks at a residential site in Hefei. Photo: Reuters
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Zheng Yangpeng

Zheng Yangpeng

Zheng Yangpeng is a business reporter at the Post, covering China property, banking and finance. He previously worked for China Daily, joining the Post in 2016. He holds a Bachelor's Degree in Journalism and Communication from Peking University, and a Master's Degree in Global Business Journalism from Tsinghua University.