Second-hand home transactions in Beijing, Shanghai, Guangzhou, and Shenzhen experience a collective surge, celebrating a "mini spring" market.

2026-04-02 05:46:17

In first-tier city real estate markets, the housing market saw a “small spring” rally in March this year. Data show that in Guangzhou, the number of signed contracts for secondhand residential homes surpassed 10,000 units, up 141.38% month-over-month; in Shenzhen, the combined transaction volume of new and resale commercial housing totaled 11,851 units, up 117.1% month-over-month; in Beijing, the number of secondhand residential home transactions in March was 19,886 units, up 144.63% month-over-month, reaching the highest peak in the past 15 months; and in Shanghai, the cumulative volume of online contract signings for secondhand homes reached 31,300 units, the highest record in nearly five years since March 2021. (Southern Daily)

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