Huang Liangsheng, senior co-director of the Central China Real Estate Research Department, pointed out that in September 2019, the number of second-hand public housing sales contracts was recorded at 45, with a total value of 120 million yuan, up by 12.5% and slightly down 0.2 from 40 and 120 million in August
Public housing transactions ended a three-month losing streak and stabilized 40 levels, indicating that the second-hand public housing market has stabilized.
In addition, the Comprehensive Land Registry of the Midland Real Estate Data and Research Centre showed that there were 1,325 second-hand residential registrations in the first 16 days of October, an increase of 22.8% from 1,079 in the same period in September
According to current estimates, the monthly strength has rebounded to more than 3,000 levels. In view of the time required to sign a sale and purchase agreement to be registered with the Land Registry, the above-mentioned October registration cases generally reflect the market conditions in September, and the market conditions after the announcement of the policy address will not be reflected until the registration volume in November.