Goldman Sachs' head of China real estate and co‑head of Greater China equity
research Wang Yi said in an interview she expects Shanghai and Shenzhen to
bottom by year‑end, with combined house prices rising in the two cities about
15% from end‑2026 to end‑2028. She said demand is currently polarized: recovery
is being driven by high‑end buyers and transactions in central districts for
older, smaller units, while mid-market demand remains under adjustment.
