Home transaction volume, in terms of floor area, in China’s first-tier cities saw both month-on-month and year-on-year increases last week, according to data from real estate research firm China Index Academy.
The transaction volume rose 19.10% in the week from the previous week and surged 60.14% from a year earlier, showed the data.
Among these cities, Shenzhen took the lead with a year-on-year surge of 153%, followed by Guangzhou with 91.8% growth, and on a month-on-month basis, Shanghai recorded the highest growth at 71.3%, Shenzhen up 14.9%, and both Guangzhou and Beijing posted slight growth, showed the data.