Story perspectives

Shanghai Pre-Owned Sales Hit 5-Year High, Prices Stabilize

6/22/2026

Summary

Story summary

Shanghai logged over 31,000 pre-owned home sales in March, the highest in five years.
Monthly transactions stayed near 28,000 units in April and May, showing steady buyer demand.
February policy easing loosened purchase limits and added tax exemptions, which revived interest.
May home prices rose 0.2 percent, indicating early price stabilization.
Li Yan, sales manager at 5i5j Real Estate Brokerage, said buyers find prices attractive and expect further market support.

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Story summary

Shanghai logged over 31,000 pre-owned home sales in March, the highest in five years.
Monthly transactions stayed near 28,000 units in April and May, showing steady buyer demand.
February policy easing loosened purchase limits and added tax exemptions, which revived interest.
May home prices rose 0.2 percent, indicating early price stabilization.
Li Yan, sales manager at 5i5j Real Estate Brokerage, said buyers find prices attractive and expect further market support.