Shenzhen introduced new real estate policies last week, and the number of second-hand residential property transfers increased by 33% compared to the same period last year.

After the introduction of the new real estate policy in Shenzhen, the local market showed signs of warming up. According to the monitoring data of Shenzhen Zhongyuan Research Center, after the new policy was introduced, from September 6th to 11th, the number of second-hand residential property transactions in Shenzhen reached 935 units, an increase of 14% compared to the same period in August and a 33% increase compared to the same period last year. The second-hand property transaction volume in Shenzhen increased by 24% compared to August, and the average daily number of property viewings in stores increased by 42.9% at the beginning of the month. As for new properties, due to the sluggish volume of new listings and weather factors, the overall transaction volume in the Shenzhen new property market did not change significantly, but improved products and those in core areas were highly sought after, leading to a noticeable differentiation in market transactions.