en.Wedoany.com Reported - Driven by a new wave of wealthy individuals from China's chip, artificial intelligence, and semiconductor technology industries, Shenzhen's luxury housing market continued to strengthen in the first half of this year, with six ultra-luxury projects selling out immediately upon launch.
Multiple Shenzhen real estate agents and industry analysts noted that buyers of high-priced properties are predominantly from the chip, AI, semiconductor, and smart manufacturing sectors, including entrepreneurs and corporate executives. These buyers have shorter decision-making cycles, tend to pay in full, and prioritize "tech + ecology" configurations and commuting efficiency—a purchasing logic distinctly different from traditional wealthy individuals. Yang Xiao, head of a real estate agency in Shenzhen's Nanshan District, stated that among the transactions he handled for properties valued at over 10 million yuan, about 80% of buyers came from the chip, AI, and related industries. At the end of June, the Zhonghai Anti project in the Shenzhen Bay Super Headquarters Base launched 72 large flat units with an average discounted price exceeding 180,000 yuan per square meter and an average total price of over 35 million yuan per unit, selling out immediately upon launch. Among the buyers, about 20% came from the tech and internet industries, while around 50% were financial professionals. In late May, the CITIC Xinyue Bay in the same area released an additional 78 large flat units at an average price exceeding 208,000 yuan per square meter, selling out within half an hour of launch. According to a person in charge of a Shenzhen luxury housing project developer, internal statistics show that about 70% of their project clients are post-90s, including post-95s first-generation entrepreneurs.
Wu Rui, Managing Director of Savills South China, observed that tech upstarts typically complete their home purchase decisions within one month, whereas traditional buyers may take three to six months. Yang Xiao also mentioned that many tech upstarts rapidly accumulate wealth through equity monetization and often opt for full payment. This purchasing power quickly transmitted to the land market. In June, three prime land parcels in Shenzhen's core areas were sold at ultra-high premiums consecutively. The residential land in Nanshan's Yuehai area saw a premium rate exceeding 150%, with the floor price setting a new historical high for Shenzhen. The residential land in Qianhai's Guiwan area became the second most expensive per square meter in Shenzhen, with a floor price of approximately 96,000 yuan per square meter. The land parcel in Bao'an Central Area had a total price exceeding 10 billion yuan, with a premium rate close to 100%. Li Yujia, Chief Researcher at the Guangdong Provincial Housing Policy Research Center, stated that investment in AI, semiconductor, and chip-related industries is robust, and policies encouraging corporate listings and financing have spawned a group of wealthy individuals. The wealth accumulation of this group is being converted into demand for high-end housing, and this wealth-creation boom continues. Industry analysts believe that developers' confidence in bidding for land at high premiums stems precisely from the assured purchasing power brought by the tech upstart demographic.
