Shenzhen residential sales up

Shenzhen’s residential property market is stirring, with sales of new units going above the 4,000 mark for the first time in three years since curbs were imposed to cool overheating. However, analysts quoted by local media believe this time, there is nothing to worry about, and the market has become more rational.

Online property agency Beike.com said online sales in the secondary market were just 6,900, lower than April, showing the market was stable and its forecast was for slower growth in the near future. Whether first-time buyers or those looking to upgrade, “they are coming to the market in a more orderly fashion”.

Read more (in Chinese).