Luxury / News Brief
Young tech elites drive rise in Shenzhen luxury home sales after purchase curbs ease
Several luxury residential projects in Shenzhen sold out quickly in May, with young elites from the semiconductor and artificial intelligence sectors replacing traditional tycoons as the most avid buyers.
Post-90s buyers, mainly technology professionals, accounted for 31 per cent of transactions for luxury homes over 10 million yuan (US$1.48 million)