{"id":4405,"date":"2019-11-06T13:13:27","date_gmt":"2019-11-06T06:13:27","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4405"},"modified":"2021-06-04T14:44:02","modified_gmt":"2021-06-04T07:44:02","slug":"new-home-sales-soar-shenzhen-china","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/","title":{"rendered":"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Despite the local authority\u2019s proposal to build affordable public housing units<\/span><\/p>\n<figure id=\"attachment_4406\" aria-describedby=\"caption-attachment-4406\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-4406\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/shutterstock_1127872466.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/shutterstock_1127872466.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/shutterstock_1127872466-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/shutterstock_1127872466-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-4406\" class=\"wp-caption-text\">Shenzhen city skyline at night. HelloRFZcool\/Shutterstock<\/figcaption><\/figure>\n<p>Property buyers in Shenzhen have been scrambling to purchase newly-completed residences, boosting new homes sales for two weekends in a row. According to <a href=\"https:\/\/www.scmp.com\/business\/article\/3036420\/shenzhens-buyers-snap-new-homes-two-weekends-row-defying-government-plan\" target=\"_blank\" rel=\"noopener noreferrer\">South China Morning Post<\/a>, the number amplified shortly after the government\u2019s announcement to provide one million cheap public housing units capped at CNY50,000 (USD7,148) per square metre.<\/p>\n<p>Property consultant CBRE said that the strong demand for housing indicates how Shenzhen \u2014 also known as the Silicon Valley of China where tech giants DJI, Tencent Holdings, and Huawei Technologies are based \u2014 has become one of the five most expensive cities to live in.<\/p>\n<p>The average new home price for major cities in China surged by 0.5 percent in September from a month before, which is the market\u2019s slowest pace since February, based on the National Bureau of Statistics.<\/p>\n<p>However, data gathered by one of the biggest property firms Midland Holdings revealed that Shenzhen managed to elude the decline, when the median home rate in the Bao\u2019an district, less than an hour away from downtown Shenzhen, rose by 9.6 percent in the third quarter to CNY54,000 per square metre compared to a year before.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/public-housing-shenzhen-china-lower-cost-of-living\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Chinese government constructs 13 public housing projects to cater to Shenzhen residents\u2019 needs<\/strong><\/a><\/p>\n<p>In the hopes of making the housing market more affordable for residents, Shenzhen\u2019s local government announced their plan to build one million public housing flats, which will be capped at CNY20,000 to CNY30,000 per square metre in the areas near the city centre.<\/p>\n<p>Nevertheless, the buyers did not give in to the quick progression of the plan.<\/p>\n<p>Analyst at Centaline Property Agency Zhang Dawei asked, \u201cDo you want to wait for plans that you have no idea whether will be successful? What happens if you cannot get an affordable home even in a couple of years?\u201d<\/p>\n<p>The ambitious plan has left residents unanswered questions, such as the quality of the housing units, the applicants\u2019 qualifications, and if the supply target is indeed attainable.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the local authority\u2019s proposal to build affordable public housing units<\/p>\n","protected":false},"author":9,"featured_media":20351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[137,565,566,189],"class_list":["post-4405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-china","tag-propertyinvestment","tag-residential-market","tag-shenzhen","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"Despite the local authority\u2019s proposal to build affordable public housing units\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-06T06:13:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-04T07:44:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1127872466.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gynen Kyra Tirazona Toriano\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:site\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gynen Kyra Tirazona Toriano\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/\"},\"author\":{\"name\":\"Gynen Kyra Tirazona Toriano\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/694949ea9cae1c04dfdbdcc3680a2a23\"},\"headline\":\"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend\",\"datePublished\":\"2019-11-06T06:13:27+00:00\",\"dateModified\":\"2021-06-04T07:44:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/\"},\"wordCount\":363,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_1127872466.jpg\",\"keywords\":[\"china\",\"propertyinvestment\",\"residential market\",\"shenzhen\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/\",\"name\":\"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend | Asia Property Awards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_1127872466.jpg\",\"datePublished\":\"2019-11-06T06:13:27+00:00\",\"dateModified\":\"2021-06-04T07:44:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_1127872466.jpg\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/shutterstock_1127872466.jpg\",\"width\":1000,\"height\":667},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/new-home-sales-soar-shenzhen-china\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"name\":\"Asia Property Awards\",\"description\":\"PropertyGuru Asia Property Awards\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\",\"name\":\"Asia Property Awards\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"width\":1920,\"height\":1080,\"caption\":\"Asia Property Awards\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/asiapropertyawards\",\"https:\\\/\\\/x.com\\\/AsiaPropAwards\",\"https:\\\/\\\/www.instagram.com\\\/asiapropertyawards\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/showcase\\\/asia-property-awards\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCCMEFMU-KW5dEKfb5dPTL9Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/694949ea9cae1c04dfdbdcc3680a2a23\",\"name\":\"Gynen Kyra Tirazona Toriano\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/author\\\/gynen\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend | Asia Property Awards","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/","og_locale":"en_US","og_type":"article","og_title":"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend | Asia Property Awards","og_description":"Despite the local authority\u2019s proposal to build affordable public housing units","og_url":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/","og_site_name":"Asia Property Awards","article_publisher":"https:\/\/www.facebook.com\/asiapropertyawards","article_published_time":"2019-11-06T06:13:27+00:00","article_modified_time":"2021-06-04T07:44:02+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1127872466.jpg","type":"image\/jpeg"}],"author":"Gynen Kyra Tirazona Toriano","twitter_card":"summary_large_image","twitter_creator":"@AsiaPropAwards","twitter_site":"@AsiaPropAwards","twitter_misc":{"Written by":"Gynen Kyra Tirazona Toriano","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/#article","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/"},"author":{"name":"Gynen Kyra Tirazona Toriano","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/694949ea9cae1c04dfdbdcc3680a2a23"},"headline":"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend","datePublished":"2019-11-06T06:13:27+00:00","dateModified":"2021-06-04T07:44:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/"},"wordCount":363,"commentCount":0,"publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1127872466.jpg","keywords":["china","propertyinvestment","residential market","shenzhen"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/","url":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/","name":"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend | Asia Property Awards","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/#primaryimage"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1127872466.jpg","datePublished":"2019-11-06T06:13:27+00:00","dateModified":"2021-06-04T07:44:02+00:00","breadcrumb":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/#primaryimage","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1127872466.jpg","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1127872466.jpg","width":1000,"height":667},{"@type":"BreadcrumbList","@id":"https:\/\/www.asiapropertyawards.com\/en\/new-home-sales-soar-shenzhen-china\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asiapropertyawards.com\/en\/"},{"@type":"ListItem","position":2,"name":"New home sales soar in China\u2019s Silicon Valley for the second consecutive weekend"}]},{"@type":"WebSite","@id":"https:\/\/www.asiapropertyawards.com\/en\/#website","url":"https:\/\/www.asiapropertyawards.com\/en\/","name":"Asia Property Awards","description":"PropertyGuru Asia Property Awards","publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asiapropertyawards.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization","name":"Asia Property Awards","url":"https:\/\/www.asiapropertyawards.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","width":1920,"height":1080,"caption":"Asia Property Awards"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/asiapropertyawards","https:\/\/x.com\/AsiaPropAwards","https:\/\/www.instagram.com\/asiapropertyawards\/","https:\/\/www.linkedin.com\/showcase\/asia-property-awards","https:\/\/www.youtube.com\/channel\/UCCMEFMU-KW5dEKfb5dPTL9Q"]},{"@type":"Person","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/694949ea9cae1c04dfdbdcc3680a2a23","name":"Gynen Kyra Tirazona Toriano","url":"https:\/\/www.asiapropertyawards.com\/en\/author\/gynen\/"}]}},"_links":{"self":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/4405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/comments?post=4405"}],"version-history":[{"count":0,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/4405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media\/20351"}],"wp:attachment":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media?parent=4405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/categories?post=4405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/tags?post=4405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}