ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Shenzhen housing crackdown creates flourishing black market

Below-value price cap leads to listings disguised as fruit and other loopholes

Shenzhen, home to many of China's leading technology companies, imposed price caps on many housing complexes in February.   © Reuters

GUANGZHOU -- A 1 million yuan banana?

In early May, one real estate brokerage in a bustling Shenzhen neighborhood put on its window a list of what appeared to be fruit prices.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more