Beike Research monitoring showed July 1–12 signed contracts at Beike’s Shenzhen partner second‑hand stores rose 20% YoY, the strongest for the period in nearly six years. Contrary to the normal July seasonal slowdown, transaction volumes have climbed as genuine owner‑occupier demand continues to be released. The institute cites two main drivers: sustained benefit from the April 29 housing measures that are unlocking backlog first‑time and replacement demand, and continued strength in high‑end/lu

Beike Research monitoring showed July 1–12 signed contracts at Beike’s Shenzhen partner second‑hand stores rose 20% YoY, the strongest for the period in nearly six years. Contrary to the normal July seasonal slowdown, transaction volumes have climbed as genuine owner‑occupier demand continues to be released. The institute cites two main drivers: sustained benefit from the April 29 housing measures that are unlocking backlog first‑time and replacement demand, and continued strength in high‑end/luxury sales, which through expectations, replacement chains and regional spillovers is lifting overall second‑hand market activity.