Beijing city saw second-hand home sales hit three-year high in May as housing market recovers

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China's capital city of Beijing saw second-hand home sales hit the highest level in three years partly driven by the unleashed pent-up demand accumulated during the coronavirus outbreak.

Analysts say the strong performance is unlikely to last long due to the authority's determination to keep property curbs tight.

According to Ke Research Institute, Beijing sold 16,100 units of second-hand homes in May, based on data from the government's online registration system, increasing 22.5 per cent from the previous month and 17.2 per cent higher than a . . .

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