The Secret Behind the Rocketing Price of Shenzhen’s Real Estate – Banyue

From Danwei:

After two consecutive years of government price adjustments and controls on real estate, prices are still jumping upward rather than declining. Shenzhen is indisputably the bellwether of this rising tide: housing prices in Shenzhen leaped 50% in the first half of this year.

Shenzhen has been going through an unprecedented real estate boom during the last 18 months; average housing prices have risen from 7,000 yuan (US$922) per square meter to 16,000 yuan (USD$2,109) today….[Full Text]

- The cartoon picture – “After the spring rains” – illustrates that “The thunder rolls and lightning crackles as a man on the building says to the crowd, ‘Housing prices will definitely decline in the second half of the year!’” by Zhang Xiaozhen via Danwei.
- Read also ‘Minor Property Right’ — Better Than None? via CDT