Shenzhen Real Estate Brokers Association, citing Shenzhen Real Estate
Information Platform data, said July 2026 new commercial housing sales totaled
4,502 units (-35.2% MoM, +19.3% YoY). Residential transactions were 3,529 units
(-6.8% MoM, +32.5% YoY). The association said the MoM decline in overall new
commercial housing reflects normal seasonality; the modest residential MoM drop
alongside >30% YoY growth suggests real buying demand remains ample, supported
by easing purchase restrictions in core districts.