A NEWLY opened residential property that is connected to Metro Line 4 in Longhua New Area drew more than 3,000 potential buyers to line up at its sales center Sunday, despite an average selling price close to 40,000 yuan (US$6,456) per square meter.

    The project, named Tiara, is connected to the Longsheng Metro Station by a walkway. It only takes about 25 minutes to get to Futian Checkpoint from Tiara on the Metro Line 4, which is managed and operated by MTR Corp. (Shenzhen) Limited, a subsidiary of the Hong Kong-based railway operator.

    According to the city’s land department, the price ranges from 32,000 yuan per square meter to 42,000 yuan, with an average price of 36,000 yuan per square meter. Regulations allow a fluctuation of 15 percent during public sale.

    Over 1,000 potential clients were lining up in front of the sales center located in downtown Futian District, while 2,000 buyers were already sitting indoors, waiting to be called by number to purchase apartments, Shenzhen Evening News reported.

    Some buyers even held two numbers. “There is a higher possibility of buying the property with more than one number. I’m thinking about buying two sets of property if the price is right,” said a resident, surnamed Li.

    Two buyers from Hong Kong said they want to purchase the property because of its convenient location and good policies. (Zhang Qian)