Summary
[September Shenzhen’s second-hand housing transaction volume plummeted by 80% and fell below 2,000 units for the first time in 12 years]”Golden Nine Silver Ten” was completely cool. The latest data shows that in September this year, Shenzhen sold 1,765 second-hand houses, a plunge of nearly 80% year-on-year. Not only did it fall for 6 consecutive months, but it also fell back to the “1” for the first time in 12 years. In Shenzhen, which has a population of over 20 million, the monthly transaction of second-hand housing is less than 2,000, which is equivalent to only 58.8 transactions a day. Looking at the 12-year data for the same period from 2010 to the present, the transaction volume is extremely low and unique. (China Securities Journal)
“Golden Nine Silver Ten” was completely cool. The latest data shows that in September this year, Shenzhen sold 1,765 second-hand houses, a plunge of nearly 80% year-on-year. Not only did it fall for 6 consecutive months, but it also fell back to the “1” for the first time in 12 years. In Shenzhen, which has a population of over 20 million, the monthly transaction of second-hand housing is less than 2,000, which is equivalent to only 58.8 transactions a day. Looking at the 12-year data for the same period from 2010 to the present, the transaction volume is extremely low and unique.
(Source: China Securities Journal)
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