Beijing, Shanghai See Housing Transaction Uptick in August Amid Policy Optimizations

Published: Sep 9, 2026 09:55

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In August, housing market policies in Beijing and Shanghai were successively optimized. According to statistics from the China Index Academy, 14,000 second-hand commodity residential units were transacted in Beijing in August, up 3.9% YoY; second-hand commodity housing transactions in Shanghai remained at a high level, up 16.3% YoY. On the new home side, the transacted area of new commodity residential housing in Beijing in August was basically flat YoY, while Shanghai was up 16.0% YoY. Cao Jingjing, general manager of the Index Research Department at the China Index Academy, believes that the Beijing and Shanghai housing markets are more characterized by a recovery driven by sustained transaction activity and marginal improvement in the supply-demand relationship, with prices still in an adjustment channel, new home inventory still at a relatively high level, and the sustainability of the market recovery yet to be observed.

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