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I’ve been looking at CITIC Xinyue Bay in Shenzhen these days.
They added 78 units of 300 square meters during the opening.
It’s also announced that all units are sold out.
I really don’t know if it’s true or not.
But it also means that there are
at least hundreds of households with a repayment ability of over 50 million RMB.
Calculating the Guan Chao Mansion that opened last month,
Shenzhen’s high-end real estate is really exaggerated.
I don’t know if it’s a doomsday frenzy or the dawn is breaking.
Everyone’s 20 million yuan in Shenzhen’s core locations
already can’t even afford a reasonable home.
On one hand, nationwide real estate keeps falling,
and transaction volumes are also sluggish.