Shanghai's Real Estate Market Booms: April Second-Hand Housing Transactions Expected to Reach 20,000 Units

Shanghai's Best Real Estate Market Start in 3 Years, April Second-Hand Housing Trading Volume Expected to Hit 20,000 Units

Data shows that Shanghai's economy started steadily and high-quality development was solidly advanced. In Q1, Shanghai's real estate development investment increased by 5.1% YoY; the construction area of commercial housing rose by 7.3% YoY, with residential construction area up by 9.5% YoY; the sales area of residential commercial housing reached 3.2978 million m², up by 2.2% YoY. The real estate market maintained high heat in Q2. As of now, combined with data disclosed by the online real estate website, Shanghai's April second-hand housing online signings have surpassed the 15,000 mark, with single-day transactions frequently exceeding 1,000 units on weekends, and the monthly total is expected to hit the 20,000-unit mark.