Beijing and Shanghai new home sales exceed March totals in April
Updated
Updated · China Daily · Apr 30
Beijing and Shanghai new home sales exceed March totals in April
6 articles · Updated · China Daily · Apr 30
In the first 18 days, Beijing sold 4,444 new homes and Shanghai 5,311, while second-hand transactions also stayed strong in both cities.
March had already marked a broader rebound, with prices for new and existing homes rising in all four top-tier cities and more tracked cities reporting monthly gains.
Analysts said eased purchase rules and lower mortgage rates lifted demand and confidence, and expect May Day sales to extend recovery, though further policy support may still be needed.
How might Hong Kong's real estate rebound signal a turning point for broader Chinese property markets amid persistent national challenges?
With AI-driven job uncertainty and weak lower-tier cities, can the property market recovery spread beyond Beijing and Shanghai?