China second-hand home transactions rise 10.7% in Jan-Sep

The growth is in transaction volume for existing homes, not in prices or new-home activity, which suggests the pickup is concentrated in the resale segment rather than a broad housing recovery. That distinction matters for anyone tracking Chinese property exposure, including tokenized real-estate and RWA platforms that lean on housing-market sentiment. The open question is whether this resale momentum persists into the fourth quarter or reflects buyers shifting toward completed, lower-risk stock.