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  • Beijing Review

    Blow Hot, Blow Cold

    Jul 16, 2020 5 minutes
    By Li Xiaoyang
    Copyedited by Sudeshna Sarkar

    As one of the Chinese cities with the most expensive housing, Shenzhen in Guangdong Province, south China, came under the spotlight in June when its second-hand house prices surged to over 70,000 yuan ($9,972) per square meter on average. It was higher than the prices in the other three first-tier cities—capital Beijing, financial center Shanghai and Guangzhou, also in Guangdong, according to a housing price list released by Securities Daily on July 4.

    However, the heated housing purchase prices have been accompanied by a cooling down rental market. Data from Zhuge Zhaofang, a China-based real estate big data and artificial intelligence platform, showed that rentals in the city dropped by over 2 percent month on month in May.

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