Shenzhen recorded 10,079 primary and secondary residential transactions in May, up 11.4% MoM and 28.4% YoY — first month above 10,000 in nearly 14 months. Primary home web-signed contracts (presale + immediate-sale) totaled 4,545 units, +33.6% MoM and +43.7% YoY; presale contracts 2,819 units (+52.9% MoM, +37.2% YoY), immediate-sale contracts 1,726 (+10.9% MoM, +55.8% YoY). Secondary-home transfers were 5,534 units, -1.9% MoM and +18.1% YoY. Although secondary volume fell MoM, core districts pos

Shenzhen recorded 10,079 primary and secondary residential transactions in May, up 11.4% MoM and 28.4% YoY — first month above 10,000 in nearly 14 months. Primary home web-signed contracts (presale + immediate-sale) totaled 4,545 units, +33.6% MoM and +43.7% YoY; presale contracts 2,819 units (+52.9% MoM, +37.2% YoY), immediate-sale contracts 1,726 (+10.9% MoM, +55.8% YoY). Secondary-home transfers were 5,534 units, -1.9% MoM and +18.1% YoY. Although secondary volume fell MoM, core districts posted double-digit MoM gains — Futian +12%, Nanshan +17.1% — indicating recent measures are supporting demand in core areas.