Since this year, the popularity of the luxury property market in Shenzhen has continued to rise. In addition to many new luxury housing projects continuing to be popular, luxury property transactions in the second-hand housing market are also picking up markedly. According to monitoring by the Shenzhen Shell Research Institute, the number of second-hand luxury property contracts with a total price of 15 million yuan or more in July increased 11% year-on-year, reaching a peak in the past 6 years. At the same time, the average price of ten-million-grade second-hand housing transactions was 10,1504 yuan/square meter, up 5.7% month-on-month and 8.4% year-on-year. Xiao Xiaoping, director of the Shenzhen Shell Research Institute, pointed out that after the “April 29 New Deal” of the Shenzhen property market lowered the threshold for buying homes in the core area, demand for replacement of local high-net-worth households and the entry of foreign asset allocation customers increased, driving high-end property transactions in the core areas of Nanshan and Futian to continue to heat up, and prices rose steadily. Also, according to monitoring by the Shenzhen Shell Research Institute, in the first seven months of this year, 42,323 second-hand housing units were sold in Shenzhen, an increase of 5.4% compared with the same period last year, setting a record high for the same period in the past six years. However, in the interview, the reporter found that in second-hand housing districts where immediate demand is the main focus, “exchanging price for volume” is still the mainstream of the market.

Since this year, the popularity of the luxury property market in Shenzhen has continued to rise. In addition to many new luxury housing projects continuing to be popular, luxury property transactions in the second-hand housing market are also picking up markedly. According to monitoring by the Shenzhen Shell Research Institute, the number of second-hand luxury property contracts with a total price of 15 million yuan or more in July increased 11% year-on-year, reaching a peak in the past 6 years. At the same time, the average price of ten-million-grade second-hand housing transactions was 10,1504 yuan/square meter, up 5.7% month-on-month and 8.4% year-on-year. Xiao Xiaoping, director of the Shenzhen Shell Research Institute, pointed out that after the “April 29 New Deal” of the Shenzhen property market lowered the threshold for buying homes in the core area, demand for replacement of local high-net-worth households and the entry of foreign asset allocation customers increased, driving high-end property transactions in the core areas of Nanshan and Futian to continue to heat up, and prices rose steadily. Also, according to monitoring by the Shenzhen Shell Research Institute, in the first seven months of this year, 42,323 second-hand housing units were sold in Shenzhen, an increase of 5.4% compared with the same period last year, setting a record high for the same period in the past six years. However, in the interview, the reporter found that in second-hand housing districts where immediate demand is the main focus, “exchanging price for volume” is still the mainstream of the market.