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Dangerous information for Shenzhen housing speculators as officers steer dwelling costs beneath market ranges – NEWPAPER24

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Dangerous information for Shenzhen housing speculators as officers steer dwelling costs beneath market ranges

2021-02-24 02:00:10

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Shenzhen’s native authorities is searching for to stem a housing market bubble within the metropolis by setting “reference costs” for lived-in houses at beneath market ranges, a transfer that’s anticipated to squeeze mortgage financing for homebuyers.The Housing and Development Bureau on February 8 disclosed the indicative costs for 3,595 lived-in residential estates within the metropolis dubbed as China’s Silicon Valley, following a sequence of administrative curbs final 12 months to tame the market.The reference costs are in regards to the…

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