【明報專訊】The surge in property prices in Shenzhen in recent years has led to a craze for property speculation. One can make a profit of millions of RMB if one successfully bids for a new property at auction. Of course, the municipal government does not dare forget the central government's instruction that "flats are for living, not for speculation," and has adopted "drastic measures" to curb property speculation, but these measures have not been effective. While market factors have contributed to the phenomenon, the government's laziness and lack of effort are also reasons.