Shenzhen's property market continues to show a stable and positive trend. In June, the total number of signed contracts for both new and second-hand residential properties in the city increased by 14.2% year-on-year.

According to the Shenzhen Housing and Construction Bureau, in June, the Shenzhen property market continued to be hot after the implementation of the new policy on April 29. A total of 8,878 new commodity housing and second-hand housing units were signed, an increase of 14.2% year-on-year, showing a steady and positive trend in the real estate market. In terms of the new housing market, in June, Shenzhen saw a total of 3,785 new commodity housing units signed for sale, an increase of 15.6% year-on-year, indicating a continued positive trend in the new housing market. High-quality residential projects continue to be highly sought after in the market. The commercial property market also performed well, with business apartments showing outstanding cost-performance advantages. In the first half of the year, a total of 6,567 sets of first and second-hand office buildings and 6,238 sets of business apartments were traded in the city, with year-on-year increases of 103.0% and 70.2% respectively. In terms of the second-hand housing market, in June, a total of 5,093 second-hand housing units were signed for sale in Shenzhen, an increase of 13.1% year-on-year. The second-hand housing market showed a clear trend of "increased volume and stable prices," with market rigid demand, upgrade demand, and replacement demand accelerating. "Trading old for new" has become an active form of transaction in the second-hand housing market. Li Yan, director of the Shenzhen Real Estate and Urban Development Research Center, stated that with the continuous supply of high-quality projects and the ongoing development of "good houses" projects, the Shenzhen property market is expected to continue its steady and positive trend, achieving a dual enhancement in market confidence and living quality. (Shenzhen Special Zone Daily)