Looking for a used home in Shenzhen? Be prepared to pay extra as sellers want more after land sales fetch record prices

Buyers looking for secondary property in Shenzhen will have to pay more as homeowners have raised their asking prices following the record prices achieved in a rare government land tender last month.Developers are betting big on the tech hub, dubbed China’s Silicon Valley, attracting talent on the back of the Greater Bay Area initiative – a scheme launched by Beijing earlier this year to link Hong Kong, Macau, Shenzhen and eight cities in Guangdong province into an integrated economic and…

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