上海二手房成交创五年来10月新高   2026-11-02

 

Shanghai recorded the highest second-hand home sales for any October since 2021 last month, following a five-year September high the month before, supported by new real estate policies and resilient demand from buyers seeking affordable homes or better living conditions.

Some 24,653 pre-owned houses changed hands in Shanghai last month, up 33 percent from a year earlier and 4.2 percent from the previous month, according to figures from the Shanghai Real Estate Transaction Center's website Online Real Estate.

Properties catering to basic housing needs accounted for the largest slice of Shanghai’s second-hand home deals last month, with units priced below CNY3 million (USD446,780) accounting for 70 percent of the total, those smaller than 90 square meters for 67 percent, and those outside the city's Outer Ring Road for more than half, according to data from the 58 Anjuke Research Institute.

October’s performance was in line with peak season trends, Lu Wenxi, senior market analyst at Shanghai Centaline Property, told Yicai. Despite a week-long national holiday at the start of the month, sales outpaced September’s overall, pointing to “solid market momentum.”

China’s property industry typically refers to the past two months as “Golden September and Silver October,” when developers and real estate agents seek to capitalize on stronger buyer activity.

The pick-up in Shanghai’s resale market stems from multiple factors, Lu said. Supportive policy measures are a key driver, encouraging first-time buyers and those seeking better living conditions to enter the market and demonstrating a degree of market resilience, Lu pointed out.

Shanghai announced a new policy package in August and a national mortgage interest subsidy, intended to cut borrowing costs for eligible first-time buyers, took effect in October. Shanghai’s measures included lower minimum down payments, expanded use of housing provident fund savings, and subsidies for households buying new-builds while selling existing properties.

Alongside improved market sentiment, resale listings have fallen to around 280,000 from 290,000 at the end of September, according to data from Shanghai Centaline Property. In addition, the average period between a property being listed and an initial sales contract being signed was 78.1 days in October, the least in nearly three years, figures from Lianjia Research Institute showed.

Fluctuations in the number of daily listings are normal, Lu said, adding that viewed over a longer time period listings are falling, indicating that the market is making clear progress toward reducing inventory.

Online inquiries for second-hand homes in Shanghai are rising, said Zhang Bo, president of the 58 Anjuke Research Institute. Sales will likely reach between 22,000 and 24,000 units this month, he predicted.

Source: Yicai Global

 

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