CCTV News: In April this year, the Shanghai real estate market continued to heat up, with a total transaction volume of 2.31 million square meters of new and second-hand housing, an increase of 21% year-on-year. Since May, the heat of the property market has not diminished.
The project is located on Kangding Road, Jing'an District. The project has not yet been launched and the unit price has not been announced yet, so there are endless customers who are looking for the house. The first batch of property projects has launched 92 units, and currently there are nearly 150 potential customers.
During the May Day holiday, the subscription data of new houses located in Zhangjiang, Yangsi, Xuhui Binjiang and other areas are good. In the first four months of this year, the transaction area of new homes in Shanghai increased by 5% year-on-year.
In addition to new houses, Shanghai's second-hand housing market also continued to heat up in April, with a total of 20,700 units sold, up about 30% year-on-year, the highest value in the same month since 2022. In the first four months of this year, the transaction area of second-hand houses also increased by about 45% year-on-year. From the perspective of transaction structure, urgent needs and improved housing are still the main force in the market. Some landlords have begun to look for suitable housing before they have sold their old houses.
In addition, starting from May 8, the implementation of financial policies including reducing the interest rate of personal housing provident fund loans by 0.25 percentage points and lowering the policy interest rate to drive the downward trend of the loan market quotation rate, further reducing the cost of mortgages and bringing benefits to the real estate market.
