Shenzhen’s economy surpassed Hong Kong’s for the first time in 2018, growing by 7.6 per cent to 2.42 trillion yuan. Residential buildings (foreground) and the Ping An International Finance Centre Phase 1 in the Futian district in Shenzhen. Photo: Roy Issa

China’s technology hub Shenzhen joins the ranks of the world’s five most expensive cities for owning residential property

  • The average cost of owning a home in Hong Kong rose 5.5 per cent last year to HK$9.4 million (US$1.2 million), or US$2,091 per square foot for a typical abode of 574 square feet (53 square metres)
  • Shenzhen, the tech of capital of China, ranked No 5 globally with an average home price of US$680,283
Topic |   Hong Kong property

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Shenzhen’s economy surpassed Hong Kong’s for the first time in 2018, growing by 7.6 per cent to 2.42 trillion yuan. Residential buildings (foreground) and the Ping An International Finance Centre Phase 1 in the Futian district in Shenzhen. Photo: Roy Issa
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