Shenzhen’s second-hand home transactions in Feb hit new high since 2022
DATA REAL ESTATE STOCKS
Shenzhen’s second-hand home transactions in Feb hit new high since 2022
DATA REAL ESTATE STOCKS

Shenzhen’s second-hand home transactions in Feb hit new high since 2022

 

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Second-hand home transactions in China’s technology hub of Shenzhen reached 1,096 units in the week of Feb 20 – 27, an increase of 24.4% from the 881 units in the previous week and rising for the fourth consecutive week, according to data from the Shenzhen Real Estate Intermediary Association.

As of Feb 26, the city’s second-hand home transactions has exceeded 3,000 units this month, setting a new high since 2022, according to the data.

Earlier data released by the National Bureau of Statistics showed that Shenzhen’s second-hand home price rose in January from the prior month, reversing the falling trend that started in June 2022.