Shanghai property surges after new move

Shanghai’s housing market continued its rebound last week, with 113,400 sq m of new homes sold between Aug 25 and 31. — China Daily

SHANGHAI: Shanghai’s latest adjustments to home purchase measures triggered a more than 35% week-on-week surge in new home transactions, along with a sharp rise in inquiries for pre-owned apartments.

Industry experts said on Monday that the response highlights the effectiveness of the new policy and sets the stage for broader market stabilisation.