Young tech elites drive rise in Shenzhen luxury home sales after purchase curbs ease (opens original article in a new tab)

Young tech elites in Shenzhen are driving luxury home sales, with post-90s professionals replacing traditional buyers and leading to rapid sales of high-end properties.

• Post-90s tech professionals now lead luxury home purchases in Shenzhen, accounting for 31% of transactions for homes over 10 million yuan.
• Luxury developments like Sino Bay sold out quickly, with prices reaching up to 77 million yuan for sea-view flats.
• Shenzhen's luxury housing market saw a 0.4% monthly price increase, the highest among first-tier cities.