China’s Real Estate Market Enters the ‘Resale’ Era

China's real estate market is shifting toward resales as a primary transaction type, marking a structural change in the sector. The shift reflects declining new construction sales and an increase in existing home transfers. Major cities including Beijing, Shanghai, and Shenzhen have seen resale transactions exceed new property sales in recent quarters. The National Bureau of Statistics reported data on housing market composition, though specific percentages and timeline details vary by region.

Next story