Shenzhen Luxury Homes and villas
Shenzhen Luxury Property Search
Demarcated from Hong Kong by the Shenzhen River in the south, it is bordered by Dongguan and Huizhou in the north, Daya Bay and Dapeng Bay in the east and the Lingding Sea and the mouth of the Pearl River in the west.
It has direct jurisdiction over six districts and four new areas: Luohu, Futian, Nanshan, Yantian, Bao'an and Longgang districts, and Guangming, Pingshan, Longhua and Dapeng new areas. The Central Government expanded the special economic zone to cover the whole city on July 1, 2010.
New home prices in the city grew 7.84% from June to 33,698 yuan per square metre ($ 5,270). The gain was the strongest among the 10 major cities tracked by the SCMP-Creda index. That helped Shenzhen regain the crown after losing it in March last year as it swiftly responded to an industry downturn.
Banks in Shenzhen have started to tighten rules recently by raising down payments for mortgages.
The prices of old homes in Shenzhen jumped 10.3 per cent year on year on average in April.
A property buying fever has gripped Chinese homebuyers, who are indulging in some revenge spending on property as coronavirus lockdowns are lifted in China.
Shenzhen’s housing and construction bureau announced on Monday that all residential apartments smaller than 144 square meters in the southern city will be exempted from the luxury home tax.
Zhuhai’s property market has the best potential upside over the next 12 months, according to the Hong Kong research firm Real Estate Foresight.
Shenzhen, known as China’s Silicon Valley, will offer 1 million government-subsidised homes at as low as half of the prevailing market rate.
Adrian Smith + Gordon Gill has unveiled its design for the Shenzhen-Hong Kong International Center, a 700-metre tall glass tower in Shenzhen, China.