Shenzhen Property Market Sees Signs of Strong Rebound

(Shenzhen) – A rainstorm that flooded roads in Shenzhen on May 23 did not stop some 4,000 people from lining up in front of the sales office of a residential community in Longhua District that just started taking orders.

The buyers snapped up more than 700 apartments – the most expensive ones cost more than 40,000 yuan per square meter – in less than two hours, the developer said.