In 2022, the popularity of new houses in Shanghai will surpass that of second-hand houses, and the ratio of new to old houses will be as high as 1:1.8, the highest in the past ten years. The second-hand housing market was affected by the supply of new houses and the transaction volume bottomed out. The annual transaction volume of second-hand housing was 160,000, the lowest in the past five years. However, from the end of 2022 and after New Year’s Day in 2023, home buyers are expected to start repairing. According to the weekly (January 9, 2023-January 15, 2023) opening data released by “Kerui Shanghai”, the market for recent opening projects is still clearly divided between hot and cold, and popular projects and inner-middle ring projects are still in demand. Among the 7 projects that were opened for the week, Hongyinli in Jing’an and Gumei Huating in Minhang were all sold out. Among them, Hongyinli, which opened on January 12, 2023, reproduced the famous scene of “thousand people’s lottery”, and successfully “sunlight” with a very low rate of abandonment. | Related reading (Financial Association)
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