Home China Headline Shenzhen real estate developers hoard large amounts of land

Shenzhen real estate developers hoard large amounts of land

According to a public servant in Shenzhen, the real estate developers there have hoarded some 200 thousand sq m of land, which is the same as the amount of land officially approved for construction in Shenzhen every year. Obviously, these real estate developers should be blamed for the soaring housing price in Shenzhen. However, it's very hard for local department of land and resources to stop them, as all of them have "secret relations"with someone in authority. The opacity of land reclamation in Shenzhen also encourages these undesirable real estate developers. Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form Name Email Website Title Comment Write the displayed characters Add Comment Copyright 2007. All Rights Reserved.

 

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