Apartment towers are seen in Shenzhen. Traditionally, Chinese developers offered little more than security and maintenance services at their residential projects, but more and more apartment towers now offer bonuses like in-house takeout and grocery delivery, tour reservations and even personal financial products. Photo: Reuters

Shenzhen’s June home prices drop for ninth month as buyers shift focus to outlying suburbs

More first-time buyers are buying homes in suburban areas, dragging down average prices

Topic |   China property

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Apartment towers are seen in Shenzhen. Traditionally, Chinese developers offered little more than security and maintenance services at their residential projects, but more and more apartment towers now offer bonuses like in-house takeout and grocery delivery, tour reservations and even personal financial products. Photo: Reuters
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