ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Caixin

Lianjia to shut some Shenzhen offices after city caps home prices

Huge real estate firm sees pre-owned housing market evaporate and employees flee

Lianjia and its peers have seen pre-owned home transactions in Shenzen plummet more than two-thirds from a year earlier, according to the Shenzhen Real Estate Intermediary Association.   © AP

One of China's biggest real estate agencies plans to close a fifth of its offices in Shenzhen, where transactions for pre-owned homes have dropped dramatically since February when the city became the nation's first to attempt to cap the prices of such properties.

Sponsored Content

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

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