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<CN Home>Shanghai May 2nd-hand Home Deals Exceed 28K Units, Hit ~6Yrs High
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Against the backdrop of travel impact during the May Day holiday, Shanghai's second-hand residential (including commercial) property online registrations in May totaled 28,023 units, extending the high transaction trend seen over the past three months, as revealed by the data from the official website "Online Real Estate" of the Shanghai Real Estate Trading Center. The transaction volume marked the highest level for the same period in nearly six years since 2021, second only to 30,500 units recorded in May 2020. Industry analysts believed that Shanghai's property market has maintained the momentum of the "slight bloom", with the second-hand housing market shifting from a "price-for-volume" model to a new stage characterized by "stable volume and prices". As supply in the primary market gradually recovers, the home-upgrading chain has become increasingly smooth. The market is generally optimistic about the transaction boost driven by developers' sprint toward their half-year results. AASTOCKS Financial News |
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