Shenzhen’s second-hand home sales tumbled over 80% on year in August amid tightening property curbs, prices of school district homes hit hard

china shenzhen

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China's technology hub of Shenzhen saw second-hand home transactions tumble by more than 80 per cent in August from a year earlier after the local government introduced a series of measures to cool down the housing market.

The city's second-hand home sales slid 79.96 per cent year over year in August to about 195,400 square meters, according to data released by Shenzhen housing authority.

Second-hand home sales by unit tumbled 81.96 per cent last month from a year earlier to 2,043 units, sharply down from 11 . . .

 

 

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