Redeveloping old buildings for lease in urban villages has become a new revenue generator for Chinese developers. Photo: Pearl LiuRedeveloping old buildings for lease in urban villages has become a new revenue generator for Chinese developers. Photo: Pearl Liu
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

Topic |   China property
Redeveloping old buildings for lease in urban villages has become a new revenue generator for Chinese developers. Photo: Pearl LiuRedeveloping old buildings for lease in urban villages has become a new revenue generator for Chinese developers. Photo: Pearl Liu
Redeveloping old buildings for lease in urban villages has become a new revenue generator for Chinese developers. Photo: Pearl Liu
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