Shanghai second-hand home contracts surge 27% year-on-year in Golden September, hitting half-year high
Shanghai's property market experienced a strong "Golden September" season, with second-hand home online contract registrations from September 1-13 reaching 10,407 units, a 27% year-on-year increase. Daily transactions hit a half-year high on September 12 with 1,319 units. Policy easing, including reduced social security requirements, released genuine demand. New home projects like Kaiyun Aishangli triggered points-based purchase systems with a 206% subscription rate. Market differentiation persists.
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Shanghai's September Second-Home Sales Hit Half-Year High; New Projects Trigger Scoring System
Shanghai's property market is experiencing a strong 'Golden September' season. According to data from the Shanghai Real Estate Trading Center and analysts, second-hand home sales hit a half-year high on a single day in September, with overall transaction volumes remaining at elevated levels. Yan Yuejin, vice president of the Shanghai E-House Real Estate Research Institute, attributed the momentum to eased purchase restrictions, including a reduction in the social security payment requirement from three years to one year for citywide purchases, which has released genuine demand. Leading agency Shanghai Lianjia reported that from September 1 to 19, second-hand home viewings rose 13.4% and customer inquiries rose 5.4% compared to August. The transaction conversion rate at one of its service centers reached 62%, up 47% from August. New listings also increased. In the new home market, several projects have triggered the points-based purchase system, indicating strong demand. For example, the Kaiyun Aishangli project in Pudong's Beicai area saw a subscription rate of 206% as of September 20, triggering the scoring mechanism. The article notes that market differentiation persists, with only projects combining strong product quality and value attracting high interest. Overall, new home inventory and clearance cycles are improving, with the clearance period falling to 18.47 months in August, according to the China Index Academy.
Shanghai second-hand home daily transactions hit new half-year high in Golden September
Shanghai's second-hand housing market is experiencing a strong 'Golden September' peak season, with daily transaction volumes reaching a new high for the second half of the year, according to data from East Money. Yan Yuejin, Vice President of E-House China Research Institute, attributed the performance to policy relaxations, including reduced social security contribution requirements for homebuyers, which have released genuine demand. Lianjia (Shanghai) data shows viewings rose 13.4% and client inquiries 5.4% from September 1-19 compared to August. The signing success rate reached 62%, with transaction cycles shortening. New home sales are also improving, with the Kaiyun·Aishangli project in Pudong triggering a points-based purchase allocation system due to high demand, achieving a 206% subscription rate. Multiple other projects have also triggered points-based allocations. Industry insiders note market divergence, with only projects combining strong product quality and cost-effectiveness capturing heat. Overall, inventory levels and absorption cycles are optimizing, supported by stable price expectations and continued policy effects.
Shanghai's September Second-Hand Home Sales Hit Second-Half High; New Projects Trigger Lottery
Shanghai's property market is experiencing a strong 'Golden September' season. Second-hand home sales hit a new high for the second half of the year on a single day, with daily transaction volumes remaining at a high level, according to Yan Yuejin, vice president of the Shanghai E-House Real Estate Research Institute. Leading中介机构 Shanghai Lianjia reported that from September 1-19, property viewing appointments rose 13.4% and customer inquiries increased 5.4% compared to August. The signing conversion rate at one of its service centers reached 62%, up 47% from August. New listings also increased. The National Bureau of Statistics data shows Shanghai's second-hand home prices have risen month-on-month for seven consecutive months since February. The new home market is also improving, with August transaction volume up 12.2% month-on-month. Several new projects, including Kaiyun Aishangli in Pudong, have triggered the lottery mechanism due to high subscription rates. Analysts attribute the market strength to relaxed purchase restrictions, particularly the reduction of the social security payment requirement from three years to one year, and a generally stable price outlook. Market differentiation persists, with only projects offering strong product quality and value attracting high demand.
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Shanghai second-hand home contracts surpass 10,000 in 13 days, up 27% year-on-year in Golden September
Shanghai's property market is showing strong momentum in the 'Golden September' period, driven by the city's 'Eight Measures' policy package. Data from the official online real estate platform shows second-hand (including commercial) home online contract registrations surged over the weekend of September 12-13, with a combined total of 2,481 units. On Saturday, September 12, 1,319 second-hand homes were registered, the highest single-day figure since June 27. Cumulative online contracts for second-hand homes from September 1 to 13 reached 10,407 units, a 27% increase year-on-year. Yan Yuejin, Deputy Director of the E-House China Research Institute, noted solid performance with sustained demand from first-time buyers and upgraders. Zhang Bo, President of the 58 Anjuke Research Institute, said the market is better than last year, with rising buyer interest but cautious decision-making. He attributed the recovery to genuine demand and the 'Eight Measures' policy, though he cautioned that the policy's pulse-like effect does not alter fundamental market stability.
Read sourceShanghai Property Market Shows Strong Golden September Momentum as Second-Home Contracts Surpass 10,000
Shanghai's property market is experiencing a strong 'Golden September,' driven by the ongoing benefits of the 'Shanghai Eight Measures' policy. Data from Online Real Estate shows that second-hand home online contract signings (including commercial properties) surged over the weekend of September 12-13, totaling 2,481 units. On Saturday, September 12, signings reached 1,319 units, a 77-day high. Cumulative signings from September 1 to 13 reached 10,407 units, a 27% year-on-year increase. Yan Yuejin, Vice President of the E-House China Research Institute, attributed the performance to sustained demand from first-time buyers and those upgrading homes, noting three days with over 1,000 daily transactions. Zhang Bo, Dean of the 58 Anjuke Research Institute, stated that Shanghai's market is performing better than last September, with rising property viewing willingness but cautious decision-making. He described Shanghai's second-hand market as having strong resilience, supported by genuine demand, and noted that the weekend surge reflects both pre-holiday contract rushing and the impact of the 'Shanghai Eight Measures,' though the policy's pulse-like effect does not alter fundamental market stability.