Shanghai Real Estate Market Remains Hot During National Day Holiday, New Home Renovation Projects Sell Well

During the National Day holiday, the Shanghai real estate market remained active. On the afternoon of October 6, at a sales office near Changjiang West Road in Baoshan District for a central state-owned enterprise project A, prospective buyers flocked to view properties. "There were still many customers visiting during the holiday," said a representative from Project A. "Currently, only a few units of 143 square meters are available; models of 100 square meters and others have sold out. The delivery date is also expected to be advanced from September next year to spring." On October 6, Lu Wenxi, Chief Analyst at Shanghai Central Property Research Institute, noted that new policies have impacted developer costs, leading some projects to retract previous discounts and others to signal price increases for subsequent batches, which has pushed forward buyers in the viewing and negotiation stages. With the formal implementation of Shanghai's supporting measures, expectations remain high for October, with transaction activity outside the outer ring likely to maintain current levels.