Key Cities Maintain High Market Activity During 'Golden September'

As policy benefits continue to take effect and housing demand is steadily released, the real estate market maintained a warming trend in September. Key cities saw a surge in second-hand home transactions, with standout performance during the 'Golden September' period. According to data from China Index Academy, second-hand market activity remained at high levels in September, with 119,000 units sold across 20 key cities, a year-on-year increase of 7.4%. In the first nine months of this year, sales in these 20 cities reached 1.118 million units, up 6.4% year-on-year. Notably, markets in Beijing and Shanghai continued to see increased transaction volumes. In September alone, Beijing sold 16,000 units and Shanghai sold 24,000 units, representing month-on-month increases of 13.7% and 3.3%, respectively. Shanghai's second-hand home sales volume rose by 17.2% year-on-year in September, marking seven consecutive months of growth.