TREE NEWS reports: Shanghai Lianjia Research Institute data show second-hand home transactions through Lianjia rose 44% year on year during the Oct 1-7 National Day holiday, while new-home transactions climbed 64%. Viewing volume grew more slowly than closed deals, a gap the institute reads as faster buyer decision-making and fading wait-and-see sentiment as policy easing and steadier price expectations pull first-time and upgrade demand into the market.
Shanghai second-hand home transactions via Lianjia jump 44% during Golden Week
AI take
The striking detail is not the headline gain but the composition: viewings lagging closed deals implies buyers arriving pre-decided, which matters more for pricing power than the raw volume. That shift, if it reflects policy easing and steadier price expectations rather than a one-week holiday effect, touches first-time and upgrade demand — the segments most sensitive to confidence. Whether the viewing-to-deal gap persists beyond the holiday window is the open question.
Generated by AI for reference only.
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