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.
