July's real estate market is not as quiet as expected: many cities see year-on-year transaction growth, and luxury property projects in Shanghai are sold out on launch day.

In July, affected by high temperatures and traditional off-peak factors, real estate transactions in key cities showed some weakening month-on-month, but compared to the same period last year, the overall market still demonstrates resilience. In many cities, the transaction volumes of new and second-hand homes have maintained year-on-year growth, with the high-end improvement properties in the core areas of Shanghai standing out, and luxury projects experiencing sunlight sales on their opening days.