Mar
02

China’s Real Estate Frenzy Is Back as Shenzhen Prices Surge 50%

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  • Investors flocking to property to as stocks have tumbled
  • Buyers throng agents in Shanghai, city officials urge calm

After getting burned by the bursting of China’s stock-market bubble, Liu Yihui is seeking salvation from the country’s latest investment mania: big-city properties.

The 35-year-old civil engineer dumped his equity holdings after losing 40 percent last year, using the proceeds to buy a 5 million yuan ($763,464) apartment in Shenzhen. Prices in the southern business hub have surged more than 50 percent over the past year, the fastest pace since at least 2011…

China’s Real Estate Frenzy Is Back as Shenzhen Prices Surge 50%

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