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<CN Home>Shanghai Ignites Commercial Housing Trade-in Activity; 20 Developers in 1st Group
Shanghai launched a commercial housing trade-in activity, with more than 20 Chinese property developers and nearly 10 intermediaries being the first group of participants, involvin...
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<CN Home>Shanghai Ignites Commercial Housing Trade-in Activity; 20 Developers in 1st Group
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Shanghai launched a commercial housing trade-in activity, with more than 20 Chinese property developers and nearly 10 intermediaries being the first group of participants, involving more than 30 projects, mainly located in Jiading, Songjiang, Qingpu, Fengxian, Lingang and other areas, Chinese media reported.

Today (3rd), the Shanghai Real Estate Trade Association and the Shanghai Real Estate Broker Trade Association jointly initiated a commercial housing trade-in activity throughout Shanghai to facilitate residents to replace their housing and better support residents' reasonable gradient home purchase needs.

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Commercial housing trade-in is primarily for residents who plan to sell their second-hand housing and buy a new one. House-purchasing residents may first reach an intention to purchase a new house with a developer, and then the real estate agency will prioritize the transaction of their old house. After the old house is successfully sold, the new house transaction will be completed as agreed.

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