Shenzhen’s unaffordable home prices could hurt Beijing’s plan to turn the Greater Bay Area tech hub into model city



a view of a city: Shenzhen has been granted autonomy by Beijing on a wide range of local policies, from land use to hiring global talent. Photo: Xinhua


Shenzhen has been granted autonomy by Beijing on a wide range of local policies, from land use to hiring global talent. Photo: Xinhua

Beijing’s blueprint to develop Shenzhen and showcase it a centrepiece of its economic reform and attract talent could hit a major stumbling block in the form of unaffordable housing prices, say analysts.

As part of a five-year plan to build the city into a “core engine” of reform by 2025, Shenzhen has been granted greater autonomy in using rural land for development purposes. The move, which will ease land supply crunch, is aimed at reining in escalating home prices and making the city more affordable to live. It was speculated that Beijing would give Shenzhen “additional land” by allowing it to absorb some neighbouring towns into its territory, but the central government did not do so.

“Home prices take up a major chunk of the cost of

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The Most Notable Homes for Sale in the Greater Philadelphia Area

The essence of luxury exudes throughout Greater Philadelphia’s diverse regions. From expansive suburban estates to the elegance of a multi-level urban oasis, there is truly a home for every lifestyle. 

These four homes for sale showcase ultra-modern amenities, architectural excellence and unrivaled views. Read on to discover some of the area’s most notable sales on the market. 

7 Woodsworth Court, Wayne

Price: $2,275,000

Square footage: 9,100

Bed: 6

Bath: 4.2

A timeless manor estate and walk to Wayne dream. The grandeur and architectural detail of “Woodsworth” offers unparalleled character and elegance, and the perfect setting for lavish entertaining and casual living on a grand scale. Featured in Better Homes and Gardens, the bold and refreshing design make this home truly inspiring. The current owners have added a 1,200 square-foot carriage house, saltwater pool and extensively renovated the main house seamlessly. Just off North Wayne Avenue, it’s an easy walk into

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EUR/CAD Could Hit 1.60 Even With Greater Oil Market Stability

The EUR/CAD currency pair, which expresses the value of the euro in terms of the Canadian dollar, is currently trading in a relatively steady fashion following a significant rise versus the start of the year. In January 2020, EUR/CAD opened from the 1.45 handle; the pair is currently trading at the 1.55 handle.

EUR/CAD Trading Range in 2020(Source: Trading View. The same applies to all subsequent candlestick charts presented hereafter.)

The significance of the wide departure is greater in broader context. For example, major FX pairs such as AUD/USD crashed significantly in the first quarter of 2020, and yet most recently they have made gains on the year (relative to the opening prices of January 2020). The fact that EUR is still trading firmly above this year’s opening price provides us with confirmation that EUR/CAD is not ready to return to its previous trading range.

Probably the most important reason is that

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