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CHINA PROPERTY

Sellers of homes renege on transactions, banking on further hikes in prices

Shenzhen leads the way, fuelled partly by a stockmarket rally that has seen the local index more than double this year

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Shenzhen was the first China city to see a rebound in housing prices in April, reversing a six-month slide.

Hong Kong

WOULD-BE sellers of homes in China's southern city of Shenzhen are tearing up signed sales contracts in anticipation that prices there will continue to surge, the country's largest property agency said, fuelling fears of overheating in the top-tier city.

Home prices in