Shenzhen Second-Home Transactions Hit 1,395 Last Week, Up 9.4%

The weekly second-hand uptick matters less than the parallel Beike data: a 26% rise in new-home subscriptions and 22% in second-hand signings over a comparable period suggests the improvement is broader than a single week's volatility. That both segments moved together implies buyers are responding to something, not just a timing quirk in transactions. Whether this momentum persists beyond the early-September window, and whether it holds in the new-home segment where subscriptions have yet to convert into completed deals, is the open question.