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Trading Vol. of New Homes/ 2nd-hand Homes in Shanghai Hike by 28%/ 51% YoY in 2M25
Recommend 33 Positive 77 Negative 25 2025/03/21 09:02 GMT
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YTD, Shanghai continued to implement the various policies and measures introduced since 2024, and the policy effect continued to emerge, generally extending the stabilizing and improving trend from 4Q24, The Paper quoted Ruan Junqi, Deputy Director of the Shanghai Real Estate Exchange Centre, as saying. In 2M25, a total of 780,000 square meters of first-hand homes were sold, up 28% YoY, while the new property projects maintained a relatively high level of popularity in March, according to the data. During the period, a total of 2.67 million square meters of second-hand housing were transacted, up 51% YoY, the second highest for the same period since 2017.
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