Beike Research Institute data show Shenzhen’s new-home and resale markets warmed in August. Resale contract signings at Beike’s Shenzhen partner stores rose 13% week-on-week last week; average daily resale signings in August were 9% higher than July, with Aug. 9 the highest daily level since June. New-home subscription volumes increased 14% week-on-week last week; average daily new-home subscriptions in August were up 40% versus July, indicating earlier pent-up demand is being released.