House prices in Shenzhen continue to fall. Many houses are not only cheap but also conveniently located and beautifully renovated, yet still, no one is buying them. Even homes in school districts, highly favored by students and their parents, have not been spared. Chinese media reports that in Shenzhen’s Futian District, homes in school districts have plummeted from a peak of 140,000 RMB per square meter to about 40,000 RMB, a drop of over 70%.
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