March Shenzhen real estate market sees "increase in volume and stable prices", both new and second-hand house signings reach a new high in nearly 11 months.

According to the Shenzhen Real Estate Industry Association, the Shenzhen property market showed signs of recovery in March, with a total of 7,898 sets of first- and second-hand houses signed online, an increase of 117% compared to the previous month, reaching a new high in nearly 11 months. The market activity has significantly increased, showing a trend of "increase in volume and stable prices" in the recovery. The person in charge of the Shenzhen Real Estate Industry Association believes that factors such as the resumption of work in the market after the Spring Festival holiday, the recovery of the pace of real estate developers launching new projects, and the concentrated release of housing demand have driven the significant recovery of the Shenzhen new property market in March compared to the off-peak season of February. The current market recovery is weaker than the same period last year, showing characteristics of seasonal repair and weak recovery strength. (Shenzhen Special Zone Daily)