Shenzhen Reclaims Sea in Hunt for Land

Caixin: Shenzhen to Reclaim Coastal Land So More Homes Can Be Built
Shenzhen's Communist Party leader says it plans to reclaim 55 square kilometers of land along its coast so it can be developed in a bid to curb soaring housing prices in the southern city.

Ma Xingrui announced the plan in an interview with a local TV station on March 2. He did not say when the work will begin, how long it will take or how much it will cost.

The city government will also make an extra 50 square kilometers of land available for housing in the next few years, he said.

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