Skyline of Futian District with the Ping An International Finance Centre, tallest, and other high-rise residential and office buildings in Shenzhen ci
Image details
Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W850HMFile size:
17.1 MB (309.4 KB Compressed download)Releases:
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3000 x 1997 px | 25.4 x 16.9 cm | 10 x 6.7 inches | 300dpiDate taken:
15 September 2016Photographer:
ImaginechinaMore information:
Skyline of Futian District with the Ping An International Finance Centre, tallest, and other high-rise residential and office buildings in Shenzhen city, south China's Guangdong province, 15 September 2016. Shenzhen's property market continued to gain momentum in August, with average prices for second-hand homes hitting a historical high of 56, 788 yuan ($8, 500) per square meter, according to real estate company Centaline Property. Second-hand home prices in Shenzhen grew 2.85 percent last month compared with a month earlier, the biggest growth since March, when the government introduced restrictive measures to curb the city's runaway property prices. According to government statistics, a total of 6, 536 second-hand homes were sold last month, increasing 12 percent on a monthly basis. Seventy-five percent of Shenzhen's second-hand homes showed price growth, with 44 percent recording a growth of more than 5 percent. "Transaction of properties in Shenzhen has been inactive over recent months, but prices have still kept growing, " said Wang Fei, director of Centaline Property Research Center in Shenzhen. "As more new residential projects are expected to be launched in the coming two months, it will push up market sentiment and bring a positive effect to the second-hand home market by increasing transactions." However, Wang said the possibility of a further growth of second-hand home price is low, as supply of new homes increases. "Home prices in the city are expected to keep at a relatively stable level in the coming months."