China Index Academy data: June 1–20 resale transactions across 20 major Chinese cities totaled 88,000 units, up 10.9% YoY. Shanghai and Suzhou resale volumes rose over 20% YoY; Shenzhen and Ningbo rose over 10%, signaling sustained demand. Core-city new-home markets continue to recover. During the three-day Dragon Boat holiday Shanghai new-home net contract signings totaled 601 units vs 293 a year earlier (+308); Shanghai resale net signings were 1,231 vs 1,035 last year (+196, +18.9%). As of Ju

China Index Academy data: June 1–20 resale transactions across 20 major Chinese cities totaled 88,000 units, up 10.9% YoY. Shanghai and Suzhou resale volumes rose over 20% YoY; Shenzhen and Ningbo rose over 10%, signaling sustained demand. Core-city new-home markets continue to recover. During the three-day Dragon Boat holiday Shanghai new-home net contract signings totaled 601 units vs 293 a year earlier (+308); Shanghai resale net signings were 1,231 vs 1,035 last year (+196, +18.9%). As of June 20 Beijing new-home transacted area rose 36% MoM; Guangzhou new-home transacted area rose 9% YoY. China Index Academy says June resale activity remains on an upward trend, with core-city volumes at multi-year highs for the period; new-home recovery is structurally uneven and concentrated in prime districts and top projects.