First-tier cities real estate market welcomes a minor spring, with both the number of house viewings and transactions in first-tier cities showing signs of recovery.
In March, the peak season for the real estate market has arrived as scheduled. Shanghai's second-hand housing market has shown promising signs, with a record high of 1472 second-hand housing units signed in a single day last Saturday, and it is expected to reach a high of 30,000 units for the whole month; Guangzhou's second-hand housing viewing and transaction volumes have also increased in the first half of March; the transaction cycle in Shenzhen's second-hand housing market is as short as half a day, and some homeowners have begun to raise their listing prices.
The demand for high-end improvements in the new housing market is steadily increasing, with outstanding achievements from large flat apartments in Lujiazui, Shanghai to river-view luxury homes in Huangpu, Guangzhou. Industry insiders predict that with the launch of high-quality projects in core cities in March, this round of "early spring" will still usher in a phase of market trends in core cities.
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