Date
22 September 2017

Shenzhen new-home prices up 11.1% in Feb, website says

The average price of a new home in Shenzhen rose 11.1 percent year on year in February to 22,919 yuan (US$3,725) per square meter, property website Guandian.cn reported Monday, citing data from the municipal land authority. New-home sales volume surged 54.4 percent from a year earlier to 2,536 units, 35.8 percent above the January level. The growth in home prices is mainly attributed to the launch of several high-end projects in Nanshan district, the report said.

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