In July, the transaction volume of newly built residential properties in Shenzhen increased by over 30% year-on-year.

According to data from the Shenzhen Real Estate Information Platform, a total of 3,773 new commodity housing units were sold in July, a month-on-month decrease of 35.2% and a year-on-year increase of 19.3%; among them, residential sales accounted for 2,664 units, with a month-on-month decrease of 6.8% and a year-on-year increase of 32.5%. Looking at a longer period, from January to July, a total of 35,104 new homes were sold, a slight year-on-year increase of 0.7%; among these, residential sales totaled 21,935 units, a year-on-year decrease of 10.6%, with the decline narrowing compared to the first half of the year.