Shanghai rolled out property measures known as the 'eight measures' on Aug 20 to smooth primary–secondary housing replacement. On Sep 1 the Shanghai Housing Authority said market feedback has been positive and trading picked up after implementation. In August combined primary and secondary housing transaction area was 2.21 mln sqm (24.3k units), +2% MoM and +15% YoY. The authority said the measures, building on earlier 'six' and new 'seven' Shanghai policies, are helping consolidate market stabi

Shanghai rolled out property measures known as the 'eight measures' on Aug 20 to smooth primary–secondary housing replacement. On Sep 1 the Shanghai Housing Authority said market feedback has been positive and trading picked up after implementation. In August combined primary and secondary housing transaction area was 2.21 mln sqm (24.3k units), +2% MoM and +15% YoY. The authority said the measures, building on earlier 'six' and new 'seven' Shanghai policies, are helping consolidate market stabilization and are expected to support firmer activity in Sept–Oct.