Shenzhen Housing Association: Weekly sales of 2,316 second-hand housing units in the 41st week in Shenzhen increased 650% month-on-month

The Zhitong Finance App learned that the Shenzhen Real Estate Agents Association (Shenzhen Housing Association) reported that in the 41st week of 2024, according to statistics from the Shenzhen Housing Association, Shenzhen recorded 2,316 second-hand housing units (including self-catering), an increase of 649.5% over the previous month. The results of the favorable policy for the 929 property market in Shenzhen were remarkable. Due to a certain lag in the data recorded for second-hand housing during the National Day holiday, the data was reflected this week. As a result, the number of second-hand housing units recorded in a single week this week exceeded 2,000. It is expected that the market will continue to operate at a relatively high level in the later stages. Meanwhile, several banks announced that interest rates on stock mortgages will be uniformly reduced to LPR-30BP.

According to publicly available second-hand property statistics, on October 14, 2024, a total of 67,393 active second-hand properties were on sale in the city, an increase of 983 units over last week. Among them, Longgang increased 249 units from last week, effectively selling 17,822 units, Nanshan increased 203 units from last week, effectively selling 11,741 units, and Futian increased 132 units compared to last week, effectively selling 10,111 units.

On October 12, a number of banks, including Industrial and Commercial Bank (601398.SH), Agricultural Bank (601288.SH), Bank of China (601988.SH), China Construction Bank (), and Bank of Communications (DAC), issued announcements. Starting October 25, interest rates on existing personal mortgages will be adjusted in batches. 601939.SH 601328.SH Except where the loan is in Beijing, Shanghai, Shenzhen and other regions and is a two-home loan, all other eligible mortgage interest rates will be adjusted to the loan market quoted interest rate LPR-30BP.