Second-hand home transactions in Beijing, Shanghai, Guangzhou, and Shenzhen experience a collective surge, celebrating a "mini spring" market.

2026-04-04 05:48:12

Gelonghui April 2｜According to Nanfang Daily, in first-tier cities, the real estate market saw a brief “spring upswing” in home sales in March this year. Data show that in Guangzhou, the number of signed-and-filed transactions for second-hand residential properties broke 10,000 units, up 141.38% month-over-month; in Shenzhen, the combined transactions of new and second-hand commercial properties totaled 11,851 units, up 117.1% month-over-month; in Beijing, second-hand residential property transactions totaled 19,886 units in March, up 144.63% month-over-month, reaching the highest peak in nearly 15 months; and in Shanghai, the cumulative number of signed-and-filed second-hand homes reached 31,300 units, setting the highest record in nearly five years since March 2021.

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