Luxury home sales in Shanghai surged by 184% in H1

Published: Jul 9, 2025 13:04

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[Research Institute: Shanghai's High-End Residential Market Saw Robust Growth in H1]
Shanghai's real estate market has continued the stabilization trend observed since Q4 of last year, with notable improvements in land transactions and the high-end residential market. Today, it was learned from the E-House China Research Institute that, in addition to the data on primary and secondary housing transactions, the institute has newly compiled and released data on Shanghai's high-end residential and land markets for H1. Among these, there was strong momentum in project subscriptions for Shanghai's high-end residential market. In H1, 1,096 new residential projects with a total price of 30 million yuan or more were traded, with a transaction value reaching 55.3 billion yuan.
This figure far surpassed the 19.4 billion yuan recorded in H1 of 2023, representing an increase of 184%. Looking at the high-end residential transaction data over the years, Shanghai has seen a significant rise in demand for high-end residential properties for two consecutive years in H1, with transaction volumes in each half-year exceeding 50 billion yuan. This not only reflects the active release of improved housing demand but also highlights the strong purchasing power in the high-end real estate sector.

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