政府新闻
五一假期，上海居民蜂拥而至，参观新的高端住宅 2025-05-06
Shanghai residents flocked to view fresh residential properties during the recent May Day holiday, reflecting consistently strong demand for newly launched high-end homes.
Although prices of the over 1,000 newly launched properties had increased compared to previous batches, buyers were still willing to make purchases, Yicai learned during visits to several sales offices over the five-day holiday, which ended Monday. Alongside luxury homes, high-quality properties priced around CNY10 million (USD1.4 million) were also in high demand.
“The number of visitors during the May Day holiday increased significantly compared to regular days,” said a sales representative at a development in Shanghai’s Putuo district, where average unit prices range from CNY7 million to CNY10 million (USD970,000 to USD1.4 million). Yicai observed that due to the large influx of visitors, sales teams had to guide two to three groups of potential buyers through model units simultaneously.
Some projects sold out rapidly. For instance, a high-end development in Xuhui district received over 200 subscription requests for its 120 units within just five days. The total price per unit ranged from CNY41 million to CNY150 million (USD5.7 million to USD20.8 million).
Lu Wenxi, a senior analyst at Shanghai Centaline Property Agency, told Yicai that numerous new developments were released ahead of the holiday, many of which had already attracted strong buyer interest before launch. Once made available, these properties saw substantial transaction volumes.
An employee involved in design at a major state-owned developer in East China told Yicai that the market is increasingly focused on offering “good housing.” Developers are expected to improve living standards for buyers, placing greater demands on the innovation and capabilities of design and product development teams.
Source: Yicai Global
