In January, the volume of second-hand housing transactions in Shanghai reached a five-year high compared to the same period last year: exceeding 22,000 units for three consecutive months, "some areas have already stabilized in terms of housing prices."

Shanghai's second-hand housing market welcomed a "strong start" to the year, with transaction volume stabilizing at a level of 22,000 units for three consecutive months. According to data from agencies, while transaction volume has stabilized, there are signs of a halt in the decline in transaction prices, with prices having stopped falling for two consecutive months.