Shenzhen has some of the most expensive housing in China if not the world. Also, I agree more housing is necessary. But building more housing also risks induce

Shenzhen has some of the most expensive housing in China if not the world. Also, I agree more housing is necessary. But building more housing also risks induced demand. Cheaper houses encourages people to move to buy them. Therefore, we probably would need to also restrict demand, either with a hard limit (max properties you can own) or more likely with a soft limit (2nd property is taxed 2x, 3rd is taxed 3x etc).