Home prices in China’s school districts go off the boil amid crackdown on elitism to ensure balanced allocation of resources

Source: China – South China Morning PostChina’s home prices are falling in districts where the most prestigious schools are located, as efforts by local authorities to tamp down the home-buying frenzy in school districts are paying off.A home in Futian, the seat of Shenzhen’s municipal government and the city’s central business district, sold last week for 98,884 yuan (US$15,250) per square metre, 42 per cent less than a home sold in the same neighbourhood three months earlier. The home, measuring 105 square metres (1,130 square feet…Read More

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