Redeveloping old buildings for lease in urban villages has become a new revenue generator for Chinese developers. Photo: Pearl Liu
Who cares about backlash when there’s profit in redeveloping old Shenzhen buildings
China’s biggest developers are banking on redevelopment and leasing projects to make up for the slower regular home sales as Beijing tightens controls on prices and lending to cool the market
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China property
Redeveloping old buildings for lease in urban villages has become a new revenue generator for Chinese developers. Photo: Pearl Liu