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<CN Home>Shanghai & Guangzhou Property Mkts Reportedly See 'Slight Boom'; 2nd-Hand Home Single-Day Transactions in Shanghai Hit ~5-Yr High
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Last Saturday (28th), a total of 1,585 second-hand homes (including commercial properties) were transacted online in Shanghai, a report from The Paper said, citing data monitored by Anjuke Shanghai. This figure not only set a new record for the highest single-day transaction this year, but it also surpassed the previous high of 1,473 units seen on March 15, 2025, marking the highest daily online transaction volume in nearly five years for Shanghai's second-hand home market. The report quoted a market analyst at Centaline Property as saying that this transaction volume indicates an obvious market recovery, though the current boom is more of a bottom-repair signal dominated by rigid demand. Further market recovery will require more time. Meanwhile, a report from the Shanghai Securities News noted that several luxury residential projects in Guangzhou, each worth tens of millions of yuan, saw a recovery in transactions. The transaction volume of some well-equipped newer second-hand properties also rebounded, with some owners even raising their listing prices accordingly. The report highlighted that Guangzhou's property market has unexpectedly experienced a "slight boom" since March, with both new and second-hand home markets showing warming trends. AAStocks Financial News |
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