Shanghai, Beijing and Shenzhen are on the way to recording multi-month highs in property transactions.
China’s property market is on the mend, with transactions in the top cities surging following a number of measures introduced late last month to stimulate demand and shore up confidence.
The secondary market in Shanghai has recorded more than 20,000 transactions so far this month, a month-on-month jump of 52.3 per cent, according to data published by Shanghai Real Estate Trading Centre, an official platform, on Sunday.
