NUMBER OF THE DAY
That’s how sharply Shanghai’s property sales surged in September compared to the previous month.
🏡 Sales area: A total of 1.7 million m² was sold in September, including 1.3 million m² of residential space. One site in Xuhui District set a new price benchmark for central locations at 148,500 RMB/m² (about US$21,000).
📄 New easing measures: The trigger was a policy package by the city that eased home purchases and raised mortgage limits.
Result: sales of existing homes climbed to over 20,000 transactions — a four-year high.
👉 Watch: After years of stagnation, Shanghai’s housing market is entering a recovery phase, though mainly in the luxury segment. Structural risks remain due to high developer debt and an oversupply of housing.
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
