There are several reasons: 1. The total 1.GDP is similar, but there is still a gap in per capita income; The income gap is narrowing in recent years, but there is still a gap. I remember chatting with a civil servant friend of Guangzhou Municipal Committee ten years ago. He said that the income gap between civil servants in Guangzhou and civil servants in Shenzhen is nearly double. Of course, the gap has narrowed a lot in recent years, but there are still some gaps. 2.GDP is almost the same, but the fiscal revenue of Shenzhen is nearly twice that of Guangzhou. The main source of fiscal revenue is tax, which is an important indicator to measure the gold content of GDP. Don&;t say that Shenzhen is a city with separate plans and does not pay taxes to Guangdong Province. The data I am talking about is the sum of the central and local budgets, that is, it was actually collected before distribution. Shenzhen has to pay taxes to the central government. This shows that the gold content of GDP in Shenzhen is much higher than that in Guangzhou, and Shenzhen is not at the same level. 3. The area of Guangzhou is nearly four times that of Shenzhen, which means that the population density is only about one-third of that of Shenzhen, so the land supply is relatively sufficient, and the land supply has a direct impact on the land price, which in turn directly affects the house price. 4. As the center of Cantonese circle, Guangzhou attracts talents from the whole Cantonese circle, and a large number of foreigners from the province come to buy houses except locals; As a Mandarin-speaking city, Shenzhen is more attractive to outsiders except Guangdong natives than Guangzhou. Many rich people from other provinces will come to Shenzhen to buy houses, which has virtually pushed up the housing prices in Shenzhen. The environment in Shenzhen is obviously better than that in Guangzhou, so I won&;t say much about it. I have been to the two places for several times. These are several reasons why the housing price in Shenzhen is obviously higher than that in Guangzhou.