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.
Property prices in Beijing and Shanghai fell by 0.3 percent between November 2016 and November 2017 after years of double-digit growth.
China's property market continued to show signs of cooling as home prices fell or posted slower growth in major cities amid tough control policies.
Prices of residential sites in Asia increased by 1.9% in the first half of 2016, down from 2.8% in the preceding six months.
Shenzhen’s high-end housing market remains on the boil despite the city government’s introduction of tighter buying restrictions.
Shenzhen last year surpassed Beijing and Shanghai to become the most expensive housing market in China.
China will cut the minimum downpayment for some home purchases in smaller cities in a bid to revive the sluggish property market and a slowing economy.