CBRE said on July 9 Shanghai's office market posted net absorption of 316,000 sqm in 1H, up 83% YoY and roughly 80% of last year's full-year net absorption. Financial firms accounted for the largest demand share at 16.0%. Concentrated new supply pushed vacancy up 2.1 percentage points YoY to 24.5%. Quoted rents fell 1.7% versus end-2025 to 237.2 yuan/sqm/month; effective rent declined 4.6% to 158.0 yuan/sqm/month.

China Index Academy said the property market remains in a bottoming phase and recovery will continue to be uneven. Looking to H2, second‑hand markets in core cities are likely to retain some activity; ongoing transaction improvement and stabilizing listings should further narrow price declines and strengthen price‑stability in some cities. For new homes, a low year‑earlier base in 2025 should help narrow national new‑home sales’ YoY declines in H2, but full market repair will take time. Continued launches of higher‑quality projects in core cities and supportive measures such as housing provident fund policies will provide some support; however, supply is likely to remain constrained under policies aimed at limiting new additions and reducing inventories, so recovery is expected to be structural and led by quality supply. On construction and investment, developer cash‑flow pressure and sales‑driven investment strategies mean new starts and real estate development investment are expected to remain at low levels.

美國官員：美國財政部將與貿易代表辦公室和商務部合作，在未來幾天向美國總統特朗普提供一份可能受到貿易禁令影響的西班牙產品清單。