Shanghai's Used Home Transaction Volume in April Reaches an 8-Year High
Shanghai's accumulated online signed contracts for used homes reached 28,742 units in April, marking an 8-year high for the same period. Experts believe that policies are boosting consumer confidence in home purchases, and the used home market is in recovery.
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- 📰 Published: May 2, 2026 at 11:43
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Central News Agency (Reporter Li Ya-wen, Taipei, 2nd) – Statistics from the Shanghai Real Estate Transaction Center show that the accumulated online signed contracts (online signing volume) for used homes in Shanghai reached 28,742 units in April, setting an 8-year high for the same period. Experts assess that policies are boosting consumer confidence in home purchases, and the used home market is in recovery.
According to statistics from the "Online Real Estate" of the Shanghai Real Estate Transaction Center, the accumulated online signing volume for used homes (including commercial properties) in Shanghai reached 28,742 units in April, setting an 8-year high for the same period, breaking the previous peak of 27,100 units in April 2019.
Online signing volume refers to the number of properties for which purchase contracts have been signed and registered online with real estate management departments. It reflects transaction intentions and preliminary signing conditions, and online signing volume is regarded as a leading indicator of real estate market activity.
Pengpai News reported on the 2nd, quoting industry insiders. Zhang Bo, president of the 58 Anjuke Research Institute sub-branch, stated that the April online signing volume broke the previous record for the same period, indicating that the Shanghai used housing market is recovering and consumer confidence in home purchases is rising.
Zhang Bo believes that the relaxation policies launched in Shanghai after the Lunar New Year were the direct cause, lowering purchasing thresholds and costs, and releasing rigid demand and improved demand. The relaxation of home purchase qualifications for "new Shanghainese" further released market purchasing power.
Regarding the subsequent market trend, Zhang Bo observed that the release cycle of Shanghai's current real estate policy effectiveness will continue to extend, with strong subsequent support. New policies such as lowering the home purchase threshold for non-Shanghai residents and increasing provident fund quotas can cover more new Shanghainese, and the massive potential homebuyer group constitutes the demand base.
Monitoring data from institutions show that properties with a total price of less than 3 million RMB (approximately 13.8 million New Taiwan Dollars) are the main support for breaking the new high in transactions. These properties are mostly concentrated in well-developed areas within the outer ring road or areas with convenient subway access, and active inquiries for these properties account for over 60%.
Li Gen, head of the Shanghai Lianjia Research Institute, pointed out that in April, upgrade demand took over the recovery, market confidence mildly improved, the transaction pace between buyers and sellers accelerated, and buyers' decision-making cycles shortened. Market traffic indicators significantly increased compared to the same period last year, the base of homebuyer groups also expanded compared to the same period last year, and the total inventory of used homes in the city is gradually being cleared.
The Shanghai used housing market currently exhibits three core characteristics: first, optimization of demand structure, with upgrade demand taking over the market; second, a decline in the proportion of transactions for older, smaller units outside the outer ring road, indicating a shift in the market towards quality properties; and third, accelerated transaction pace, increased willingness of buyers and sellers to transact, and a significantly shortened decision-making cycle for homebuyers. (Editor: Chou Hui-ying) 1150502
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According to statistics from the "Online Real Estate" of the Shanghai Real Estate Transaction Center, the accumulated online signing volume for used homes (including commercial properties) in Shanghai reached 28,742 units in April, setting an 8-year high for the same period, breaking the previous peak of 27,100 units in April 2019.
Online signing volume refers to the number of properties for which purchase contracts have been signed and registered online with real estate management departments. It reflects transaction intentions and preliminary signing conditions, and online signing volume is regarded as a leading indicator of real estate market activity.
Pengpai News reported on the 2nd, quoting industry insiders. Zhang Bo, president of the 58 Anjuke Research Institute sub-branch, stated that the April online signing volume broke the previous record for the same period, indicating that the Shanghai used housing market is recovering and consumer confidence in home purchases is rising.
Zhang Bo believes that the relaxation policies launched in Shanghai after the Lunar New Year were the direct cause, lowering purchasing thresholds and costs, and releasing rigid demand and improved demand. The relaxation of home purchase qualifications for "new Shanghainese" further released market purchasing power.
Regarding the subsequent market trend, Zhang Bo observed that the release cycle of Shanghai's current real estate policy effectiveness will continue to extend, with strong subsequent support. New policies such as lowering the home purchase threshold for non-Shanghai residents and increasing provident fund quotas can cover more new Shanghainese, and the massive potential homebuyer group constitutes the demand base.
Monitoring data from institutions show that properties with a total price of less than 3 million RMB (approximately 13.8 million New Taiwan Dollars) are the main support for breaking the new high in transactions. These properties are mostly concentrated in well-developed areas within the outer ring road or areas with convenient subway access, and active inquiries for these properties account for over 60%.
Li Gen, head of the Shanghai Lianjia Research Institute, pointed out that in April, upgrade demand took over the recovery, market confidence mildly improved, the transaction pace between buyers and sellers accelerated, and buyers' decision-making cycles shortened. Market traffic indicators significantly increased compared to the same period last year, the base of homebuyer groups also expanded compared to the same period last year, and the total inventory of used homes in the city is gradually being cleared.
The Shanghai used housing market currently exhibits three core characteristics: first, optimization of demand structure, with upgrade demand taking over the market; second, a decline in the proportion of transactions for older, smaller units outside the outer ring road, indicating a shift in the market towards quality properties; and third, accelerated transaction pace, increased willingness of buyers and sellers to transact, and a significantly shortened decision-making cycle for homebuyers. (Editor: Chou Hui-ying) 1150502
Choose to stand with the facts, every sponsorship of yours is the power to protect press freedom.
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The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.