South China’s Shenzhen had 57,944 active second-hand homes for sale on Monday, an increase of 661 from the previous week and the high point for the year.
Considering the entire third quarter, listings of second-hand residential properties in Shenzhen saw a year-on-year increase of over 20 percent and totaling 7,081.
Shenzhen’s mortgage policy has had a significant impact on those from outside Shenzhen and on customers who buy a house after selling one. Shenzhen also lowered individual housing loan interest rates in September.
As for the transaction volume, the market did not show any signs of rebound in September with sales almost exactly the same as August.
For new houses, supply continued to rise with more than 30 new projects opening or being introduced to the market A total of 34 projects are expected in Q4.
