房价

Shenzhen property heads for dizzy heights

Dozens of small fish lie basking in the sun on the roof of a penthouse apartment in Shenzhen that is on the market for about 20 per cent more than when it last sold in 2012.

The roof has been commandeered by the neighbours to dry the fish for their dinner as the owner waits for a buyer to pay Rmb40m ($6.6m) for the property in Portofino, one of the most expensive areas in the southern Chinese city.

With loud chandeliers and deep red furnishings, the tuhao – a phrase used to mock the nouveau riche in China – apartment was originally sold for Rmb18m in 2007 and again for Rmb33m in the summer of 2012.

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