Shenzhen city saw second-hand home sales in 2021 hit the lowest since 2008

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China's technology hub of Shenzhen saw second-hand home sales hit the lowest level since 2008 after the local government introduced reference prices to curb speculation and high leverage in resale home market.

The city sold 40,542 unit of second-hand homes in 2021, slumping 57.4% from 95,273 units sold in the previous year and marking the lowest level since 2008, according to data from the local official real estate information . . .

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