Beijing Second-Hand Home Sales Surge 12% in May, Hit 5-Year High

According to Shanghai Securities News, in May, Beijing's second-hand residential sales reached over 16,000 units, up 12% year-over-year and hitting the highest level for the same month in five years.

Shanghai's second-hand residential net signings (including commercial properties) exceeded 28,000 units cumulatively, maintaining elevated levels for three consecutive months. In Shenzhen, combined first- and second-hand residential net signings surpassed 10,000 units for the first time in 14 months, with luxury, upgrading, and first-time buyer segments all showing recovery.