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CHINA PRESS: Shenzhen, Shanghai See Strong Home Sales Rebound

CHINA PRESS

Home sales in first-tier cities Shenzhen and Shanghai showed strong momentum in October following the stimulus released end-September, the Paper reported. New home sale contracts signed online in Shenzhen reached 3,211 by Oct 28, with the monthly total expected to hit the highest since 2022, the newspaper said, citing data by Centaline Property Agency. Shanghai saw 12,703 new home units, including commercial housing, signed online, marking the strongest activity in H2 so far. Second-hand housing transactions, including commercial housing, exceeded 20,000 units, the newspaper noted.

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Home sales in first-tier cities Shenzhen and Shanghai showed strong momentum in October following the stimulus released end-September, the Paper reported. New home sale contracts signed online in Shenzhen reached 3,211 by Oct 28, with the monthly total expected to hit the highest since 2022, the newspaper said, citing data by Centaline Property Agency. Shanghai saw 12,703 new home units, including commercial housing, signed online, marking the strongest activity in H2 so far. Second-hand housing transactions, including commercial housing, exceeded 20,000 units, the newspaper noted.