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<CN Home>Beijing Existing Home Online Signings Up 12.1% YoY in May to 16K+ Units, Hitting 5-Yr High for Same Period Again
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Beijing recorded 16,008 existing home online signings in May, up 12.1% YoY, marking the second consecutive month at a five-year high for the same period, according to monitoring by China Index Academy. In terms of transaction pace, after reaching a peak of 19,057 units in March, transactions moderated in April and May. Zhang Dawei, Chief Analyst at Centaline Property, said existing home transactions in Beijing in May edged down 10.5% MoM, while derailing from the usual pattern of a rapid cooldown after the traditional peak season in previous years. Transaction resilience has been well above levels seen in the same period of prior years, indicating that the current property market recovery is not a short-term spike, but a sustained rebound driven by the continuous release of demand. AASTOCKS Financial News |
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