Home sales in China's top-tier cities surged in 2020 to hit highest in three years

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Home sales in China's top-tier cities jumped in 2020 to hit a multi-year high amid monetary easing aimed to support the coronavirus-hit economy.

Second-hand home transactions in Shanghai hit a multi-year high of about 39,000 units in December last year, rising 20.3 per cent from the previous month and surging 96.2 per cent from the same period last year, shows data from the E-House China R&D Institute, a Shanghai-based real estate consultancy.

For the whole of 2020, second-hand home transactions totaled . . .

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