# Longhua District
Latest news and articles about Longhua District
Total: 2 articles found
Pepper Spray and Fire Sales: Shenzhen’s Property Slump Sparks a Desperate Race to the Bottom
A Shenzhen real estate project sparked a chaotic buying frenzy and security intervention after slashing prices by nearly 40% to move stagnant inventory. The incident highlights the extreme liquidity pressures on Chinese developers who are increasingly forced to sacrifice profit for immediate cash flow to service bank debts.
Pepper Spray and Price Cuts: The Chaotic Reality of China’s Property Deleveraging
A massive 30% price cut at a Shenzhen residential project triggered overnight queues and a security-led pepper spray incident, highlighting the extreme measures developers are taking to liquidate inventory. Local regulators intervened following the chaos, which underscores the high price sensitivity of Chinese buyers and the ongoing fragility of the nation's real estate recovery.