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Shanghai's second-hand home sales top 10,400 in first 13 days of September, weekend daily volume hits 77-day high
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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.
Source report
Jin10 Data, September 14 — Transaction volumes in Shanghai's property market have shown steady growth, driven by the continued benefits of the "Shanghai Eight Measures" policy.
According to data from Online Real Estate, online contract signings for second-hand homes (including commercial properties) surged over the past weekend, reaching a total of 2,481 units across two days.
Key Data Highlights
- Saturday, September 12: Online contract signings for second-hand homes reached 1,319 units, marking a new high in nearly 77 days since June 27 (Anjuke Shanghai monitoring data).
- September 1–13: Cumulative online contract signings for second-hand homes totaled 10,407 units, up 27% year-on-year.
Expert Insights
Yan Yuejin, Vice President of the E-House China Research Institute, noted that Shanghai's second-hand housing market has performed well during the traditional "Golden September" period. He highlighted that cumulative online contract signings exceeded 10,000 units in the first 13 days of September, including three days where daily transactions surpassed 1,000 units. This reflects sustained demand from both first-time buyers and those seeking home upgrades.
Zhang Bo, Dean of the 58 Anjuke Research Institute, pointed out that Shanghai's market performance in September has been stronger than the same period last year. While prospective buyers' willingness to view properties continues to rise, decision-making remains relatively cautious. He described Shanghai as one of the cities nationwide with strong resilience in its second-hand housing market, adding that the current recovery is supported by substantial genuine demand.
Zhang also attributed the surge in weekend online contract signings to both a rush to sign contracts before holidays and the direct impact of the "Shanghai Eight Measures." He cautioned, however, that the pulse-like effect of policies does not alter the fundamental stability of the market.
(Source: The Paper)
Source
金十数据Eastern
Part of this Story
Shanghai second-hand home contracts surge 27% year-on-year in Golden September, hitting half-year high